How to strengthen the financial management of property management companies

(A) to strengthen the concept of cost control

The management of property enterprises covers a wide range, among which the most important thing is to ensure the improvement of service quality on the premise of effectively controlling costs. The effective way to realize this approach is to establish a comprehensive cost control system. The establishment of this system should start with the enhancement of management thought, and put cost control thought through system construction, management methods, talent team construction and other aspects to improve the quality and cost consciousness of all employees in the enterprise. In cost control, we should allocate human resources effectively, on the one hand, we should strengthen the training and development of personnel, so that everyone's potential can be fully exerted; On the other hand, we should try to avoid setting up redundant posts and achieve effective cost control through improving work efficiency.

(B) optimize the internal organization of enterprises

Enterprises should set up a special financial management center according to the requirements and business objectives of financial management, and the responsibilities of financial management should be taken care of by a special person. All business activities must implement the reimbursement system, and the staff of the financial management center should check the financial information involved in these activities in time. For property companies that set up branches in other places, the financial management center shall designate a special person to be responsible for the financial work of the subsidiaries. Expatriate financial management personnel should exercise their power under the constraints of the various detachments of the head office to complete the financial management of subordinate companies. On the one hand, to optimize the organizational structure of enterprises, we should start with the organizational form, and all activities within the organization should be included in the performance appraisal; On the other hand, it is necessary to regularly train internal personnel, actively organize personnel to go out to study, and introduce advanced experience into the development process of enterprises.

(C) to conduct a comprehensive budget management

Budget management is an important part of financial management. Through the implementation of effective budget management, property enterprises can decentralize their business objectives step by step and implement them layer by layer, so as to ensure that each level of personnel in the enterprise has corresponding tasks and complete the objectives within the specified time. Reasonable comprehensive budget can centralize and unify the management of various business activities of property enterprises, and effectively avoid the losses caused by information asymmetry. In practical work, we should also pay attention to putting the budget work in place, regularly feedback the budget implementation, and make effective adjustments according to the actual situation of enterprises. We should be good at summing up the problems existing in budget management and lay a foundation for the future development of enterprises.

(D) to strengthen the modernization of financial management

Informatization is the inevitable trend of current social development, which has had a far-reaching impact in many industries. The basic requirement of informatization is to realize the capitalization of information resources and the enjoyment of information, and to carry out various business activities on this basis. The financial management of property companies needs professional analysis software to manage the company's financial information and formulate detailed accounting subjects, thus standardizing the business process of enterprises. The introduction of information operation equipment and technology can not only directly improve the quality and efficiency of financial management, but also enhance the corporate image and enhance the core competitiveness of enterprises.

With the economic growth of China and the rapid development of the real estate industry, property companies will also usher in their prosperous period. The further deepening of marketization brings opportunities to property companies, but also makes them face greater challenges. The change of modern people's life concept also puts forward higher requirements for the service quality of property companies. These factors urge property companies to improve their own management level and establish a scientific financial management system as the primary task of development. There are still many problems in the financial management of China's property companies, which need to be constantly adjusted from the market environment and enterprises themselves to realize the sustainable development of property management.