Use case
Service charge reconciliation without the manual matching
Mollak service charge statements need to line up with what a building actually collected and spent — a reconciliation that's slow and error-prone done by hand across dozens of owner associations. Meridian ties Mollak compliance tracking to the same per-property ledger used for every other financial report.
The problem
Matching a Mollak service charge statement against a building's own income and expense records, unit by unit, is exactly the kind of repetitive reconciliation work that eats a finance team's month-end.
Why it matters
A service charge discrepancy left unreconciled becomes an owner dispute at the worst possible time — usually when an annual budget or handover is already underway.
How Meridian helps
- Mollak tracked as one of the 14 compliance controls, alongside the building's own financial ledger
- Service charge figures sit against the same per-property income and expense records used for owner statements
- Discrepancies visible as part of routine compliance review, not discovered during a standalone audit
- Evidence packing for Mollak review alongside every other compliance control
FAQ
Does Meridian replace Mollak itself?
No — Meridian tracks Mollak compliance status and ties it to the building's ledger; it doesn't replace the Mollak system itself.
Can this help with owner-association budget season?
Having service charge and ledger data already reconciled ahead of budget season removes the scramble to match records at the last minute.