What is Financial-Only Management?
Financial-only management delivers professional strata financial services focused exclusively on your building’s accounting, budgeting, and administrative compliance needs. It’s a middle ground between self-management and full-service management—you keep control of daily operations while getting expert strata accounting and admin support.
This service model is ideal for smaller strata corporations (typically under 50 units) with well-organized councils that can handle maintenance coordination and owner communications but want property management accounting expertise and support in administrative tasks like record-keeping, Form B preparation, and registering bylaw changes with the Land Titles Office.
Trusted Strata Management in Greater Vancouver Since 1996
"Responsiveness of a small firm with the expertise of a big one"
Strata Council President (Surrey)
120 units
"Our accounting and payment problems disappeared"
Strata Council Treasurer (North Vancouver)
89 units
"We get so much done now, during & between meetings"
Strata Council President (Vancouver)
51 Units
What's Included in Our Strata Financial Services
Professional Strata Accounting
Monthly financial statements prepared by our property management accountants.
Your strata receives detailed financial reports by the 20th of each month, including operating statements, bank reconciliations, the general ledger of every transaction, and copies of all invoices and cheques. It also includes a budget-tracking report which compares year-to-date spending versus the year-to-date budget allocation, so you can keep a close eye on any over- or under-spending.
We maintain separate trust accounts for your operating fund, contingency reserve fund, and any special levies—all administered in full compliance with the Real Estate Services Act. Avoid horror stories like this one:
“We are a 44 unit townhouse complex in the Fraser Valley and planning for roofing replacement in two years, so we had accumulated almost $250,000. Our treasurer had been a valued member of our community, and who claimed to be an accountant, also appeared to have stolen a fair bit of our reserve funds. We now discover our reserve balance is only $100,000.”
Budget Preparation & Financial Planning
Annual budget development with year-end projections and financial guidance.
Working with your council, we prepare comprehensive operating budgets that reflect realistic expenses and proper contingency reserve contributions. We also handle any special levy calculations and implementation when major expenses arise, ensuring proper owner approval and transparent collection processes.
Strata Invoice Payment & Fee Collection
Convenient and efficient payment of invoices and collection of strata fees.
Invoices are trackable in our online approval software: observe any invoice as it passes from just-received, through the various approval stages, to ‘paid’. All approved invoices are paid on time to maintain strong vendor relationships, including via electronic direct deposit (EFT) to any vendor who wants it. 95% of our private-sector vendors are now paid electronically.
For strata fees, our proven collection methods include automated payment options like pre-authorized debit, online banking, and post-dated cheque programs for owner convenience. When accounts fall into arrears, we implement progressive collection procedures including formal notices and lien registrations as approved by council.
Administrative Support & Council Assistance
Professional administrative backbone keeps everything organized and compliant.
Managing a strata involves mountains of paperwork and legal compliance requirements. Take another horror story for example:
A formerly self-managed strata in Surrey engaged C&C for Financial-Only services after losing a lawsuit to an owner for $20,000 in damages. When purchasing a unit, the owner had relied on a Form B prepared by Council that said a parking stall was limited common property when in fact it was assigned by a lease from the developer. A complicated nuance, and something the council wasn’t aware of but could have discovered with proper diligence.
We support our Financial-Only clients with these administrative needs—from keeping an organized record of all required documents such as meeting minutes and contracts, to preparing statutory forms like Form B’s, registering bylaw changes or property designations (such as the horror story above!) with the Land Titles Office, and obtaining insurance coverage. You’ll also get referrals to C&C’s recommended vendors and access to our group-pricing discounts.
Optional Coverage for Financial-Only Clients
Think Financial-Only coverage should be sufficient… except tired of frantic midnight phone calls about a leak? Or need help running the AGM? We do offer the following optional services to our Financial-Only Management clients:
- 24/7 Emergency Support, with both a strata manager and a restoration expert on call. Let us field the call, verify the information, dispatch the appropriate tradesperson, and communicate with the affected owners.
- Annual General Meeting (AGM) or Special General Meeting (SGM) support. Your dedicated strata manager will write the Notice, attend and facilitate the meeting, and write the minutes.
- Strata Manager advice to Council, on items such as applying bylaws, complying with the Strata Property Act, or handling difficult situations with owners or vendors.
Why Choose Financial-Only Management?
Perfect for Self-Directed Councils
Some strata councils prefer maintaining direct control over maintenance decisions, vendor relationships, and day-to-day operations. Financial-only management gives you professional strata accounting and administrative compliance support while preserving your autonomy over maintenance matters and owner relations.
Cost-Effective Professional Support
Get the expertise of a dedicated strata team at a fraction of full-service management costs. This service typically costs 30-40% less than comprehensive management while delivering the same high-quality financial oversight.
Enhanced Transparency & Trust
Professional financial statements and third-party bank accounts improve transparency among owners, often leading to greater trust and smoother strata operations. Many self-managed stratas struggle with consistent property management accounting—we eliminate that challenge.
Easier Property Sales & Financing
Professional strata financial services make it easier for owners to sell their units or obtain mortgages. Real estate agents, buyers, and mortgage lenders require accurate, timely financial statements—like our service provides.
When Financial-Only Management Makes Sense
Consider this service if your strata:
- Has experienced council members comfortable with operations and a major time commitment
- Wants to maintain vendor relationships and maintenance control
- Needs professional accounting but operates smoothly otherwise
- Has under 50 units with manageable maintenance needs
- Prioritizes cost savings while ensuring financial compliance
You might need full-service management if:
- Council members are too busy to handle maintenance and owner inquiries
- Council turnover is frequent or expertise is limited
- Vendor management consumes significant council time
- Administrative compliance feels overwhelming
Technology That Works For You
24/7 Financial Access
Our online portal provides round-the-clock access to financial statements, payment history, and important documents. Make payments, check balances, or download reports anytime.
Secure Document Storage
All financial records are stored securely with automatic backups and full compliance with privacy regulations. Never worry about lost documents again.
Ready to Simplify Running Your Strata?
Discover how C&C’s Financial-Only Management can reduce council workload while improving financial transparency and compliance. Our focused approach delivers expert strata accounting support without compromising your operational independence.
Financial-only management starting at $1,100 per month.
Get Your Custom Quote Today or book a call with our Managing Broker to discuss your strata’s specific financial needs.
Serving Greater Vancouver and the Fraser Valley since 1996. Boutique firm committed to offering the highest quality, most responsive and efficient strata management in BC.