Chief Financial Officers Solutions
Accounting
Accounting Services
Assessments
Our office receives payments in house and applies it to each owner’s ledger per Statute. We issue account statements, payment coupon books or any other reminders the association requests for owners to remit payment. Once applied, we deposit the checks and account for ACH and other payments. Each month we submit a report for the consolidation of the prior month’s financials.
Accounts Payable
All vendors are provided with our office’s information to submit invoices. Once received, our office will remit payments after having the Board of Directors review.
Payroll Solutions
Our office will retrieve pay records, and process paychecks, performing withholding calculations, filing federal and state returns and making the necessary remittances. We will help coordinate full HR solutions support as needed to ensure a seamless employee flow.
Delinquency
Our office per the bylaws and Board of Directors will issue late notices, apply late fees and interest to the owner’s ledger. We will also coordinate with any collection efforts requested to keep the association on track.
Budget
We will analyze the income and expenses of the association for the preceding year and create a budget reflecting expectations for the following year. We will meet with the Board to review and revise prior to the budget meeting.
Audits
As is standard; at the end of each year we will forward the association’s financials to the association’s choice of accountants for the necessary filings and audit. We provide monthly financial reports that are audit ready with the full Balance Sheet, Profit and Loss, General Ledger, Accounts Receivable, Accounts Payable, Invoices, and other required financial information.