We offer a wide
variety of accounting, tax, and bookkeeping services for Community
Associations. An example of these services is the preparation of
monthly "Board friendly" financial statements that include the following
- Balance sheet
separating operating and reserve accounts.
- Compiled statement
of revenue and expenses compared with budget for both current
month and year-to-date.
- Reserve schedule
with year-to-date activity.
- Accounts receivable
- Accounts payable
- Check register
and/or disbursement journal.
- Detailed general
ledger reflecting all accounting activity for the month (optional).
We will assist
the Board of Directors and/or your Management Firm with the preparation
of the following years operating and capital budgets in accordance
with state requirements. Our fee includes the attendance of a member
of our staff for two meetings or six hours for budget purposes.
We will collect, post, and deposit all assessment checks to your
account. There are no bank service fees to the Association.
We will maintain
your accounts receivable system, including delinquency notices including
communication with the unit owner. An attorney of your choice will
handle the filing of claim of liens and subsequent collection action.
We will prepare
all approved invoices for payment once per week. Invoices other
than contracted or utility services will be approved by a member
of the Board of Directors or your Management Firm, as requested.
We will review your expenses on a monthly basis and flag expenses
that appear to be out of line, including utility bills.
We will prepare
your annual federal, state, and intangible tax returns.
We will work with
your Board of Directors and/or Management Firm to insure a smooth
flow of communications as it relates to financial matters.
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