Financial Services
Our company offers the following financial services:
- Collection of monthly fees by check, electronic withdrawal, e-check or credit card.
- Collection of annual fees
- Collection of special assessments
- Deposit payments in Association accounts
- Correspondence to delinquent homeowners including late fees, pre lien letters and lien letters
- File liens and release of liens with assistance of Association attorney if necessary
- Work with Association attorney to collect past due accounts
- Review, approve and code Association invoices for payment
- Process payment of Association expenses
- Processing of W-9 and 1099 tax forms
- Send monthly financial reports to Board members by mail, hand delivery or e-mail. Reports include:
Balance Sheet
Income and Expense Statement
Reserve Statement
General Ledger
Cash Disbursements
Delinquency Report
Pre Paid Report
Copies of Invoices
Bank Statements and Reconciliations
Customized Reports as Needed
- Filing of annual tax returns
- Assist with development of reserve studies
- Monitor reserve budget
- Prepare and monitor annual operating budget
- Monitor investment accounts
- Maintain history of payments and charges of each individual owner
- Maintain records for completion of audit, review, compilations and tax returns completed by Association's CPA
- Assist with payroll reporting and tax returns related to payroll