MCST Accounting Software for Strata & Property Management

Property management accounting software for transparent and efficient MCST reporting

MCST Accounting Software For Property Management in Singapore

Management Corporation Strata Title, or MCST, refers to the management corporation responsible for managing and maintaining strata properties. MCST accounting software helps managing agents and property management companies in Singapore manage the accounting and financial records of commercial and residential properties with more transparent and accurate reporting.

Our MCST accounting software automates property accounting records including the collection of rental, maintenance, parking, water, management and sinking fund fees. The system also helps managing agents track inventory, fixed assets and booking of facilities.
 
Features of MCST Accounting Software for Property Management
  1. Budgeting and Actual versus Budget Comparison Reports
  2. Recurring Billing and Invoice Statements
  3. Arrears Processing and Tracking
  4. Reminder Letters
  5. Late Payment Interest Calculation
  6. Email Invoice Statements
  7. General Ledger
  8. Accounts Receivable / Payable
  9. Financial Statements including Income and Expenditure, Balance Sheet and GST Reports
  10. Transactions History
  11. Batch Entries
  12. Online Entries
  13. Strata Title Roll Reports
  14. Ageing Reports
  15. Open-item Invoice / Statement
  16. AGM Attendance and Voting Lists
  17. GIRO Processing with Singapore Banks
  18. Easy Backup and Restore

 

 

Why does a Managing Agent need MCST Accounting Software?

As an appointed property management company or managing agent, it is important to provide sound financial management for the MCST as well as maintain good building management practices. As the managing agent is a custodian of the MCST funds, proper financial management and accurate accounting records are important to strengthen trust and ensure that the funds are properly accounted for.

What are the Benefits of MCST Accounting Software for Managing Agents?

Our automated MCST accounting system saves time and effort in managing accounting and maintenance records so that managing agents can focus more time on property maintenance and managing the common facilities. Managing day-to-day complaints and property records can be time consuming, especially when dealing with faulty corridor lights, damaged tiles, common area facilities or obstructions along the common property. Records can be stored in the system before and after rectification to show that the reported issues have been properly attended to.

 

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