Opening Balances

Entering Prepaid Unallocated Funds in Opening Balances in Strata Master Unallocated funds are provided for in Strata Master but may not be accommodated in the platform used by a previous agent. You may notice prepaid funds in the previous agents ...

Entering Lot Arrears After Take On Opening Balances Completed in Strata Master When you take on a new Strata Plan from another Strata Manager, you are usually provided with the status of each Lot, and these details are entered to Opening Balances. ...

Entering Unallocated Funds After Take On Opening Balances Completed in Strata Master A previous Strata Manager, or a Lot Owner, may contact you and request an entry for unallocated funds or prepaid funds after opening balances have been entered. Wh...

Not all Information is Available for Opening Balances in Strata Master Prior to commencing Opening Balances it is important to have the following information/resources available - the bank account details for the new Plan. the financials from ...

Entering Lot Details Into the "Levies" Tab In Opening Balance Entry Screen In Strata Master This article is a reminder to assist you when entering Lot Details into Opening Balances, assuming you have attended a Training Session or have some experie...

Entering Creditor Invoices In Opening Balances in Strata Master Summary Prior management reports may contain Balance Sheet Liability for Creditor Invoices that are still outstanding and require payment. Learn how to enter these invoice...

Entering Accrued Interest in Opening Balances in Strata Master Summary Prior management reports may contain Accrued Interest Balances on Lots. Where these figures are not yet charged to the Lots, and therefore showing on Balance Sheet or I&E rep...

Issuing A Levy Notice On A Phantom Levy In Strata Master Summary When taking on a new Plan, some owners may have an arrears.  To pay those arrears the lot owners need new payment information. Learn how to send a Notice to the lot owner informing...