Guide

What are service charge accounts?

Learn what year-end service charge accounts contain and how they relate to your own bill.

  • What the accounts are for. How year-end service charge accounts compare actual income and expenditure for an accounting period.
  • What an accounts pack usually contains. The common schedules, notes, summaries, and accountant or auditor material you may see.
  • Building totals and your own charge. Why the accounts may show whole-building or estate costs rather than the amount billed to your property.
  • Useful comparisons. How actual costs may be presented alongside a budget or figures from an earlier year.
  • Missing or incomplete accounts. Where the documents may come from and what to check before relying on them.