Accounting Management
RESA-compliant trust accounting and financial reporting for property owners and stratas.
Overview
Sterling Management Services provides comprehensive accounting and financial management services in full compliance with the Real Estate Services Act (RESA) trust account requirements. Our accounting team manages millions in monthly rent collections and strata assessments with rigorous controls and transparent reporting.
For rental property owners, we provide monthly income statements, annual summaries, and year-end documentation to support your tax filings. Our owner portal provides 24/7 access to statements, invoices, and historical records.
For strata corporations, we deliver the financial oversight required under the Strata Property Act, including operating budgets, CRF planning, and audit-ready financial packages. Council members receive timely financial reports to fulfill their governance responsibilities.
What We Provide
- RESA-compliant trust account management
- Monthly owner/strata financial statements
- Online payment processing and automated disbursements
- Operating and CRF budget preparation and tracking
- Accounts payable processing with proper authorization controls
- Bank reconciliation and cash management
- Year-end financial packages for owner record-keeping
- Audit preparation and engagement coordination
Your Benefits
- Full compliance with BC trust account regulations
- 24/7 online access to financial data and documents
- Accurate, timely monthly reporting
- Clear separation of operating and trust funds
- Audit-ready records and professional engagement support
- Integration with property management operations
Our Process
A streamlined approach to deliver exceptional results
Account Setup
We establish trust accounts, configure accounting systems, and migrate historical data.
Monthly Operations
We process rent/assessments, pay invoices, reconcile accounts, and generate statements.
Reporting
We deliver monthly reports to owners/councils and provide online portal access.
Year-End
We prepare annual summaries, tax documentation, and coordinate with auditors as needed.
Ready to Get Started?
Contact us today for a free consultation. Let us show you how we can maximize your property investment returns.