Our accounting system is designed around the needs of the Homeowner’s Community Association and is totally flexible and tailored to your community’s need. Our professional staff includes the services of a Certified Public Accountant who oversees all financial operations.

What do fiscal reports do for my Association?

• Assist in the preparation of an annual operating budget in accordance with the condominium documents authored by the Board of Directors
• Coordinate the assignment and preparation of a reserve study with a professional reserve analysis company
• Maintain the receipt and posting of individual association members dues and special assessments to individual account records
• Prepare and distribute a monthly financial report package including a balance sheet and financial statement for the month and year to date compared to budgeted line item and detailing dues collected, dues outstanding, check register, accounts payable, accounts receivable and general ledger activities
• Maintain daily tracking of checking account and reserve account cash balances
• Maintain monthly reconciliations of all operating and reserve accounts
• Provide the preparation and mailing of late notices and collection letters as directed by the Board of Directors
• Prepare any annual financial reports as directed by the Board of Directors
• Coordinate outside payroll service or prepare and disburse payroll for on-site personnel and/or employees (if any)
• Prepare and file all payroll related tax and withholding returns
• Assist in the annual audit of the Association by providing the records to the auditor