Financial Management

Our financial Management is based on Accrual Accounting, giving you an accurate picture of how much money you have at any specific time. We provide services to our clients where we invoice tenants and owners as well as collect rent and assessments. We maintain a positive relationship with our vendors by paying their invoices in a timely fashion which ensures the next time our clients need something from them, they are fast and responsive. We have many facets to our financial services as outlined below.

• Accurate processing of monthly statements to homeowners which includes a full year recap of transactions

• Collection and processing of Association Dues through our integrated operating system

• Receive, review and approve vendor invoices and other bills, and prepare checks for payment

• Prepare and submit to Client each month a Year to Date Budget which includes an analysis of actual income and expenses versus budget.

• Analysis financials and provide Clients a variance report on abnormal budgeted line items

• Prepare monthly financial summary of all receipts and disbursements

• Prepare annual budgets for distribution to homeowners prior to the fiscal year end

• Maintain a detailed record of homeowner dues and receipts, and provide the Client with a monthly delinquency list

• Actively pursue delinquent owners through demand letters, notice of default and the recording of Liens. 

• Assist Client’s with legal action against delinquent owners; consistent with the Association’s By-Laws, Covenants, Conditions and Restrictions

• Assist Certified Public Accountant in preparation of association tax returns

• Assist with the preparation of association Reserve Study