Every owners corporation has financial obligations. What often differs is how smoothly those finances are managed and how clearly they are communicated.
SOCM understands that owners and committees want their owners corporation to operate smoothly. Financial management plays a central role in making that happen. When reporting is unclear or systems are difficult to navigate, even well-run schemes can start to feel overwhelming.
SOCM provides Strata financial services that bring structure, clarity, and confidence to owners corporations. Budgets, levies, reporting, and compliance are managed carefully and presented in a way that is easy to understand, so owners always know where they stand.
Strata financial management sits at the core of owners corporation management.
It includes budgeting, levy collection, fund management, and the preparation of accurate Strata financial statements. Just as important is how those accounts are prepared and how they are presented to the committee and members.
One of the most important aspects of effective owners corporation management is providing financial information in a timely and easy-to-understand format. Clear reporting supports better decisions, reduces confusion, and helps avoid disputes.
Professional OC financial services give owners corporations confidence that their obligations are being met and their finances are being managed correctly. SOCM delivers practical, transparent Strata financial management that reflects how schemes operate in practice.
Owners corporations choose SOCM because financial management should make life easier, not more complicated.
As an experienced OC financial advisor, SOCM focuses on clarity, accuracy, and accessibility. We have crafted a straightforward and easy-to-understand financial reporting process that allows committees and owners to engage with their finances confidently.
As one of the established Strata financial management companies, we take responsibility for the detail. Our approach reduces administrative burden, supports compliance, and ensures owners corporations have reliable financial oversight at all times.
SOCM prepares annual budgets that reflect both day-to-day operating needs and long-term responsibilities.
This includes administration fund budgets and capital works or sinking fund planning. Forward planning helps owners corporations prepare for maintenance, repairs, and future projects without unnecessary financial pressure.
We manage the invoicing, receipting, and banking of all fees and levies.
All owners corporation funds are held in a separate bank account in the name of the owners corporation, in line with legislative requirements. This structure supports transparency and proper financial control.
Maintaining accurate and up-to-date financial records is a core part of our role.
SOCM prepares and presents strata financial statements in a format that is clear and accessible. Reports are delivered in a timely manner so committees and members can understand the financial position of the scheme without unnecessary complexity.
We manage sinking or reserve funds to support long-term maintenance and major works.
Funds are allocated appropriately, tracked carefully, and reported transparently, giving owners confidence that contributions are being used as intended.
Where applicable, SOCM manages outstanding contributions and levies.
This includes imposing and collecting interest where permitted, following up overdue amounts, and arranging debt collection services when required. Our approach is compliant, structured, and professional.
SOCM prepares and lodges quarterly BAS statements where required.
We maintain proper financial records and support audit and compliance requirements under owners corporation legislation, helping schemes meet their regulatory obligations.
SOCM uses the Urbanise software platform to manage and streamline financial operations.
Members can access financial information at their convenience through secure online access. Our systems provide 24/7 access to real-time financial data, ensuring transparency and visibility for owners and committee members.
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Our engagement process is straightforward.
We begin with a discussion and financial review. From there, we agree on scope, transition financial systems where required, and establish ongoing reporting and communication processes.
Our Strata financial services consulting adapts to the size, complexity, and needs of each owners corporation.
SOCM has extensive experience managing the financial affairs of owners corporations across residential, commercial, and mixed-use schemes.
We understand Australian Strata legislation and the practical realities of owners corporation accounting, trust account handling, and compliance. Clear communication and consistent delivery are central to how we work.
SOCM provides financial management services across a wide range of owners corporations, including:
Many owners corporations also work with SOCM across related service areas, including insurance valuation body corporate, Strata plan auditors, and Strata property maintenance.
Our financial services can be delivered as part of broader Strata services or alongside Strata development services, depending on the needs of the scheme.
SOCM provides budgets, income and expenditure reports, balance sheets, levy notices, and regular financial updates. Reports are presented in a clear and easy-to-understand format.
We maintain accurate records, follow legislative requirements closely, and prepare documentation to support audits and regulatory reporting.
Levy notices are issued in line with approved budgets. Payments are tracked, receipted, and followed up where required.
Funds are held separately and allocated according to legislation and approved budgets, with clear reporting provided to owners and committees.
Yes. SOCM manages arrears processes, including interest application and debt recovery where required.
Owners and committees have 24/7 access to real-time financial information through our online systems.
Yes. Budgeting and reserve fund planning form part of our financial management services.
Yes. SOCM works with small and large schemes across residential, commercial, retail, and mixed-use environments.
Clear financial management supports smoother administration and better long-term outcomes.
If your owners corporation is looking for straightforward reporting, better access to financial information, or dependable financial oversight, speak with SOCM about how we can help.
