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Group of programs: Business automation

Software USU

Accounting for home management companies

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  Who is the developer?

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Home management companies are engaged in providing apartment buildings with various resources to create appropriate living conditions, as well as maintenance of the housing stock in proper condition (sanitary and technical). They pay one of the most importance roles in the society. Their role, however, is often not that obvious and we sometimes don’t pay attention to this side of human life. It should be noted that without these services we wouldn’t be able to live the way we do now, having everything to be happy with the quality of home conditions we live in. Being commercial structures, home management companies make mutual settlements with both homeowners and resource companies. However, the accounting in home management companies from each side has its own peculiarities. Home management companies interact both with people and suppliers of services, so the role they play is of a great importance. This is one more reason to consider the automation of management of home management companies to make the process easier and faster. Accounting in the home management company consists, roughly speaking, of two parts - firstly, acquisition of resources from resource supply companies and secondly, sale of these resources to housing owners. In the first case, the expenses of the management company and its accounts payable are formed, and in the second case, profit and accounts receivable are formed.

Who is the developer?

Since there are at least two options for mutual settlements, the accounting method is chosen by the home management company itself - accounting is fixed in a regulatory document developed by the company, which is called the accounting policy of the management company. Any resident can get acquainted with this document any time they wish to let them see that the method of making accruals are fair and not illegal. It is like a "code of accounting honor", according to which the accounting of the home managing company is subject to a whole set of rules for accounting of income and expenses, assets and liabilities. The content of these rules should have a detailed and precise description of the supposed procedures, which, according to the established rules, is prepared by the home managing company itself - in this case, accounting of records will become more understandable and transparent, first of all, for the accounting officers themselves. In addition to the accounting policy the accounting of the home management company implies a parallel accounting policy for tax accounting. As everything must be taken into consideration, one should understand that it is extremely hard to do when there is a lot of information to take into account. It is easy to make a mistake for a human as we may feel tired, bored, exhausted angry and so on. All this influences our attention and concentration. Computers and programs, on the contrary, are void of feelings and can perform duties without needing a break and without making any incorrect calculations. This is what one needs to understand when thinking about the reasons of implementing such a program.

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The efficiency of accounting and taxation is of great importance for the home managing company. These documents are recommended to be adjusted annually, as the legislation undergoes regular changes and the accounting policy of the home management company loses its relevance over time. As already mentioned, home management companies are commercial entities, so they compete with each other for the consumer and for maximizing the profit that clients can provide. Competitive advantage, according to the laws of business, provides distinctive competences and chances to bypass rivals. And the most effective way to make oneself known is to make noise and let others hear about your uniqueness and advantages over competitors. To do this, you need to be outstanding. There is a way – just install the USU-Soft program and become the leader of the market. The introduction of new information technologies will improve the quality of business management and, consequently, the quality of accounting, correctness and efficiency of which will result in increased consumer loyalty. Specialists of the organization USU have developed the home management company software and a comprehensive information application to it.

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Accounting for home management companies