Business and Financial Services

Maintaining complete, accurate, and timely association financials is a cornerstone of our firm. Our professional, educated staff provide all the necessary financial information your association will need to make sound financial decisions.

From developing operating budgets to reserve funding, our firm has the resources to protect and maintain the financial health of your association. All of our services are custom tailored to meet your individual needs. As part of our services we provide the following financial reports on both an interim and annual basis:

•  Accounts Receivable Report

• Balance Sheet

• Bank Reconciliation of All Accounts

• Budget Comparison Report

• Cash Disbursement Report

• Statement of Income

• Reserve Income/Expense Report

• Proposed Budget Report

• Cash Receipts Report

• General Ledger

• Check Register

• Journal Entries

• Chart of Accounts

A/R Aging Reports

In addition to our comprehensive monthly reports, we can tailor our services to meet your needs in the following ways:

• Prepare Association Records for Annual Audits

• Prepare Association Records for Preparation of Annual Tax Returns

• Prepare Special Reports and Analysis for Owners (monthly cash flow statement)

• Set-up Annual Budgets

• Maintain 36 Months of Association Financial Records

• Maintain Bank Signature Cards

• Maintain Homeowner Address Change List

• Prepare Individual Homeowner and Developer Billings

• Research and Respond to Owner Questions

• Maintain Individual Account Histories/Ledgers

• Monitor Settlement Agreements of Accounts in Foreclosure

• Process Special Assessment Fees to Individual Homeowner Accounts for Violations

• Process all Miscellaneous Income (gate card, key fees, clubhouse rental fees)

• Receive and Process Invoices from Vendors for Account Manager Coding

• Pay all Association Invoices

• Maintain Association Checking Accounts

• Research Past Due Balances on Invoices from Vendors

• Monthly Billing Statements to Each Owner

• Direct Deposit of Assessments on the Day Received

• Association Operating Accounts and Reserve Funds are Not Co-Mingled