Residential service charge accounts

Guidance is available on accounting for service charges

Guidance has been issued on accounting and reporting in relation to service charge accounts for residential properties on which variable service charges are paid in accordance with a lease or tenancy agreement.

This guidance has been prepared by a joint working group comprising representatives of ACCA, the Institute of Chartered Accountants in England and Wales, the Institute of Chartered Accountants of Scotland, the Association of Residential Managing Agents and the Royal Institution of Chartered Surveyors.

This guidance is available in Technical factsheet 172.