Association of Residential Managing Agents

Members' Area

Service charge accounting - best practice

A summary of best practice for service charge accounting


Posted: 14 / 07 / 2014

Updated: 14 / 07 / 2014

Downloads: 7210


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In 2010 the Government pulled back from introducing important regulations that would have given greater protection to leaseholders service charge money.

To fill this void ARMA, along with the Institute of Chartered Accountants for England and Wales (ICAEW), the Association of Chartered Certified Accountants (ACCA) and the Royal Institution of Chartered Surveyors (RICS), worked together to issue best practice guidance on service charge accounting.

This Advice Note summarises that best practice.

Download the full Advice Note above...