The Block Management module provides all of the finance and accounting functions necessary to manage your buildings in an efficient fashion. In addition, there are a range of extra features to support Property Managers.

    Leaseholders

    Service Charge demands
    Issue Ground Rents
    Raise ad-hoc invoices
    Record leaseholder payments
    Leaseholder statements

    Annual Budget
    A new budget is recorded each year using an extensive list of finance (line item) categories. 

    Budget certificates
    A pre-formatted budget certificate is generated and available to print and send to leaseholders with their demands.

    Service charge and ground rent demands
    All demands are produced as pdf files, saved in the system and available to print and send to leaseholders.

    Draft demands
    Demands can be drafted to allow you to view them before they are produced.

    Leaseholder receipts
    A pre-formatted receipt can be generated for leaseholders.

    Legislative requirements
    All demands are prepared according to legislative requirements using template layouts.

    Real-time financial information
    All service charge and reserve fund balances are maintained in real-time. aaaaaaaaaaaaaaaaaaaaaaa  
                                               

    Multi-schedule blocks
    The system allows the management of blocks with a single payment schedule or multiple payment schedules.

    Third-party and ad-hoc demands
    Demands can be raised for non-leaseholders (e.g. a landlord) and ad-hoc charges can also be raised (e.g. key replacement charge) for leaseholders.

    Suppliers

    Record supplier invoices
    Keep track of payments
    Upload supplier invoices
    Allocate expenditure

    Supplier contact details
    Store key information about your contractors – Names, addresses, email accounts, a link to their web-site and default service details.

    Agent-wide and local suppliers
    The system allows you to differentiate between your regular contractors (or maybe those who have been approved or vetted) and those who only provide services to one or two of your blocks.

    Expenditure allocation
    All suppliers have a default service – Any invoice can be allocated to an expenditure category or any block schedule.

    Supplier payments
    Supplier payment details can be recorded when the invoices are loaded, or you can defer recording the information until you make the payment.

    Supplier invoices
    A copy of the invoice can be uploaded allowing all members of staff  to have ready access to key information.
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    Remittance advice
    A pre-formatted remittance advice can be generated which can be printed and sent to suppliers.

    Banking

    Multiple bank accounts
    Real-time access
    Flexible bank reconciliations

    Multiple bank accounts
    Keep track of separate bank accounts for service charge and ground rent as well as other funds you may be monitoring (e.g. reserve fund or insurance).

    Allocation to reserves
    When leaseholder receipts are allocated to service charge demands the system will automatically keep track of reserve fund balances.

    Bank charges and interest
    The system allows you to record bank charges that are incurred and any interest that you receive on your accounts.

    Year-end financial reporting
    A full range of financial reports are available for submission to accountants. The system will ‘lock’ relevant information to ensure that historic figures cannot be altered in error.

    Surplus / deficits
    Once the end of year accounts have been produced, the system creates demands / credit notes based on the allocation of surplus / deficit figures to units.

    Bank reconciliations
    Reconcile bank accounts on any frequency – daily, weekly or monthly – and partially process reconciliations if you need to investigate queries.

     Property Management

    Single repository
    Track insurance policies
    Health and safety reports
    Companies House records

    Asset details
    Keep a record of all key information about your buildings – Access details, location of utilities, lift details, estate layout, etc.

    On-site access
    View and update key asset information whilst on site via smart devices or print a report with all of the details.

    Insurance policies
    Record details of insurance policies(e.g. buildings, D&O, lift insurance) and upload key documents.

    Insurance reminders
    Reminders are reported when policies need to be renewed and follow-up actions need to be taken.

    Health & Safety
    Keep health and safety reports (e.g. fire risk assessments, asbestos surveys and legionella reports) securely stored away.

    Companies House
    Maintain Companies House records, including shareholder and director details, and receive reminders for the submission of Annual Returns and company accounts.

    Reporting

    Reports at the click of a button
    Download key data
    Extract correspondence details

    Reporting
    Flexible reporting allows reports to be produced for any financial year, as well as custom date ranges. Reports are produced in pdf format ready to be printed or saved.

    Extract key data
    Key financial information can be extracted to allow more detailed analysis by financial and property management staff, and leaseholder details can be downloaded to enable mail merges to be performed.

    Advanced functions

    Migration tools
    Interfaces to banking systems

    Migration to Blocks Online
    To ease the transition to Blocks Online we have a number of migration tools to support the upload of information from your old system(s). Please call us to discuss these in more detail.

    Banking System
    Blocks Online has a number of interfaces to allow the routine uploading of leaseholder receipts and downloading supplier payments for processing in your online bank. Please call us to discuss these in more detail.

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