Accounting Services

Establish bank account(s) in the name of the Association with signatures as designated by the Board of Directors.
Prepare and mail quarterly (or monthly) assessment statements for units, docks, etc.
Generate interest and late charges on past due accounts in accordance with the Association Declarations and Bylaws.
Send late notices, demand letters and lien notifications on delinquent accounts.
Deposit assessment and miscellaneous receipts as received on a daily basis.
Prepare monthly bank reconciliations for the Association.
Maintain a tickler file system for accounts payable and receivable.
Prepare monthly or quarterly financial statements for the Association, including balance sheets, income statements, general ledger detail and cash disbursements.
Prepare budget information, spreadsheet summaries of financial information and yearly comparisons.
Coordinate tax return preparation for the Association’s tax preparer.