Services
Financial Statements and Reports
The monthly reports include:
- Board Report – summary of important financial information that can serve as a Treasurer’s Report to the Board of Directors
- Balance Sheet
- Schedule of Changes in Reserve Fund Balances
- Accounts Receivable – Aged Trial Balance
- Schedule of Prepaid Assessments
- Accounts Payable Listing
- Statement of Operating Revenues and Expenses – includes the monthly budget to actual comparison and the year to date budget to actual comparison.
- Statement of Reserve Revenues and Expenses
- General Ledger listing – includes all the detail activity posted to the financial reports
- Bank Reconciliation – copy of bank statements and reconciliations
Accounts Payable
- Process invoices for payment in accordance with the Association's policy
- Prepare checks for Board signature or approved digital signatures
- Mail payments to vendors
Accounts Receivable and Billing Services
- Quarterly or monthly maintenance assessment statements
- Answer inquiries from owners regarding statements
- Coupon books
- Late fees and interest charges in accordance with the Board’s policy
- Late letters and interface with attorneys
- Special assessment billing and accounting
- Owner receipts and posting to owner accounts
- Banking
- Estoppel preparation
Other Services
- 1099-misc year end tax preparation as required for independent contractors
- Budget reports to assist in budget preparation
- Administrative services – mailings, copies, meeting notices, ballots
- Preparation of schedules for CPA reviews, audits, tax preparation
- Payroll processing and all related taxes and reports
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