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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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