ADDA in South Asian languages (pronounced "Uhd'da") means a community gathering having a friendly or intellectual discussion.
It takes a village to raise a child. - African Proverb.
In our Urban Cities, Apartment Communities are those Villages. A piece of land on which tens or hundreds of families live a harmonious life.
A child always has a playmate here, every festival is celebrated by all, challenges of daily life are faced together as neighbors with a strong glue of shared common wealth - the value of their property, their life's savings, the place which is at the centre of their workplace, school, and favorite hangouts.
The Apartment Community is also a registered organisation - collecting common funds towards paying vendors for maintenance or building new infrastructure, paying Taxes, handling disputes internal as well as external.
The biggest difference in this organisation being its leaders. These are the Owners elected to be in the Managing Committee. They spend scarce personal time in placing operational processes, evaluating expense decisions, executing projects for common welfare without looking for selfish gains. Some of them learn altogether new skill e.g., accounting to do this! While they receive loud applauses, they also receive louder doubts that often make their job look thankless.
· Manage the GL and overall accounting operations
· Responsible for timely (month-end, quarter-end and year-end) closure of books.
· Ensure quality control over financial transactions and financial reporting
· Management accounting and Reporting
· Prepare Budgets and establish controlling process
· Manage working Capital and cash flow
· Coordinate and support Statutory and internal audit
· Manage and comply with regulatory requirements and tax filings.
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