Bookkeeping Services:
- Full in-house financial services.
- Monthly maintenance on client’s ledger including:
- General Ledger through Trial Balance
- Cash Receipts
- Accounts Payable
- Accounts Receivable
- Cash Disbursements
- Bank Reconciliation
Deposit Control:
All checks to be deposited and recorded into the Association’s operating account.
Monthly Common-Charge Billing
- All common/maintenance charges are billed monthly.
- All unit owners’ payments arc mailed directly into a bank lockbox account.
- All statements contain a Bulletin Board for monthly communication.
Past-Due Collections
- Past-due letters to be sent to all owners in arrears with follow-up on collection procedures, liens, judgments, and foreclosures.
- Coordinate with community’s attorney on all legal matters.
Budget Preparation And Forecasting
- Prepare a budget with the Treasurer on an annual basis based on past performance and prevailing economic factors.
- Present budget to the Board for review.
- Print and distribute budget to all owners within 30-clays prior to the commmunity’s year end.
- Prepare reserve hind study for long term replacement of capital improvement items reflecting life span.
