Strata Accounting Services
Specialist Accounting for Owners Corporations & Strata Managers
Strata accounting isn’t just ticking boxes for the tax office—it’s about protecting the financial integrity of your strata scheme and earning the trust of every lot owner you represent. At Schofields Accountants, we understand the weight of that responsibility. That’s why we don’t offer generic accounting services—we deliver specialised strata accounting designed for the real-world challenges Owners Corporations and strata managers face every day.
Whether you’re overseeing a small complex or a multi-building development, we’re here to bring structure, clarity, and confidence to your financial management.
Our Strata Accounting Services
BAS & Tax Lodgements
We prepare and lodge Business Activity Statements (BAS) and income tax returns in accordance with ATO regulations, helping you stay compliant and avoid penalties.
Trust Account Management
We manage your trust accounts in line with government requirements, ensuring transparency and accuracy in how funds are handled.
Financial Reporting
Monthly and annual reports include income/expenditure summaries, levy status reports, and balance sheets—delivered clearly and on time.
Audit Support
When it’s time for your annual audit, we’ll provide clean, well-prepared records and liaise directly with auditors to ensure a smooth process.
Need Reliable Strata Accounting Support?
Strata accounting is a specialised area of financial management that goes far beyond general bookkeeping. With Schofields Accountants, you get a partner who understands the complexities of your responsibilities and is committed to helping your strata scheme succeed.
Why Choose Schofields Accountants for Your Strata Accounting Needs?
Strata Expertise
We specialise in strata accounting, not just general business accounting. We know the legislation, the challenges, and the deadlines—and we deliver every time.
Registered Tax Agents
Only registered tax agents are authorised to lodge your BAS and tax returns. Our team ensures full compliance with the ATO, minimising risk and streamlining your obligations.
Accurate, Transparent Reporting
Our detailed, easy-to-understand reports keep your Owners Corporation fully informed and audit-ready—no confusing spreadsheets or hidden line items.
Proactive Support
We don’t wait for issues to arise. We work closely with strata managers and committee members to anticipate challenges and offer solutions.
Tailored to Your Scheme
Whether you're managing a small residential complex or a large commercial strata, we tailor our accounting solutions to your needs, structure, and size.
Let’s Talk Strata Accounting
Ready to simplify your strata scheme’s financial management? Contact Schofields Accountants today and discover how our expert strata accounting services can support your scheme’s compliance and success.
Frequently Asked Questions
Strata accounting refers to the financial management of strata schemes, including tasks like budgeting, levy tracking, BAS and tax lodgements, and financial reporting for owners and auditors.
Strata schemes have unique legal and financial obligations. A specialist strata accountant understands these requirements and ensures everything is done correctly—from trust accounting to tax compliance.
Strata financial reports should be prepared monthly and annually to help the Owners Corporation manage budgets, track levies, and maintain transparency for all lot owners.
Yes, we prepare audit-ready financials and work closely with your external auditor to ensure a smooth and efficient audit process.
Not all schemes need to lodge, but many do—especially if they earn assessable income (e.g. interest or rental income). We can assess your obligations and lodge on your behalf as registered tax agents.
Not sure if this applies to you? Contact us today!