Skip to content
Unitify
Start free

Legal reference

Reporting to owners: what the manager or board must report in Colombia

Short answer

The administrator must put to the assembly the inventory and general balance of the previous year's accounts with a detailed budget for the new year, and must prepare for the board the annual accounts, the report for the annual general assembly, the budget and the trial balances with their execution. The assembly approves or rejects the financial statements and the annual budget.

What the law says

Original wording of the law (Spanish). The summary and the notes around it are ours.

1. Convocar a la asamblea a reuniones ordinarias o extraordinarias y someter a su aprobación el inventario y balance general de las cuentas del ejercicio anterior, y un presupuesto detallado de gastos e ingresos correspondientes al nuevo ejercicio anual, incluyendo las primas de seguros.
Provision: Ley 675 de 2001, art. 51, numerales 1, 4 y 5 · Official text

Last verified:

Also relevant

La Asamblea General se reunirá ordinariamente por lo menos una vez al año, en la fecha señalada en el reglamento de propiedad horizontal y, en silencio de este, dentro de los tres (3) meses siguientes al vencimiento de cada período presupuestal; con el fin de examinar la situación general de la persona jurídica, efectuar los nombramientos cuya elección le corresponda, considerar y aprobar las cuentas del último ejercicio y presupuesto para el siguiente año.
Provision: Ley 675 de 2001, art. 39 · Official text
4. Preparar y someter a consideración del Consejo de Administración las cuentas anuales, el informe para la Asamblea General anual de propietarios, el presupuesto de ingresos y egresos para cada vigencia, el balance general de las cuentas del ejercicio anterior, los balances de prueba y su respectiva ejecución presupuestal.
Provision: Ley 675 de 2001, art. 51, numeral 4 · Official text
5. Llevar bajo su dependencia y responsabilidad, la contabilidad del edificio o conjunto.
Provision: Ley 675 de 2001, art. 51, numeral 5 · Official text
2. Aprobar o improbar los estados financieros y el presupuesto anual de ingresos y gastos que deberán someter a su consideración el Consejo Administrativo y el Administrador.
Provision: Ley 675 de 2001, art. 38, numeral 2 · Official text

What this means in practice

The administrator keeps the building's accounting under his or her own responsibility (art. 51, no. 5). The ordinary assembly meets on the date in the reglamento or, if it is silent, within the first three months after the budget period ends (art. 39). The quoted articles prescribe no format for the accounts or the report.

General information, not legal advice. Check with a lawyer in Colombia before relying on it, and read your building's own documents: they can change how a rule applies.

Where Unitify fits

The free reports tool turns a spreadsheet, an export or pasted text into a report page with a share link, covering income, expenses, debt, requests and work done. It is free and needs no signup. It does not replace the report or form that the law above requires: what must be reported, to whom and by when comes from the law and from your own rules.

The free reports tool

Questions and answers

What must the manager or board report to owners in Colombia?
The administrator must put to the assembly the inventory and general balance of the previous year's accounts with a detailed budget for the new year, and must prepare for the board the annual accounts, the report for the annual general assembly, the budget and the trial balances with their execution. The assembly approves or rejects the financial statements and the annual budget.
Where does this come from, and when was it checked?
The quotation is from Ley 675 de 2001, art. 51, numerales 1, 4 y 5, at the official source linked on this page. It was last checked against that source on October 2, 2026.
← All countries and topics