Financial

This is a brief description of the service ...

	To assist in the financial planning process by providing analytical financial reports reflecting past transactions and reports comparing actual transaction to those forecasted in the Budget.
	To report the financial condition to the Board in order to assist in the day to day operation.
	Ensure financial stability by rigorous enforcement of collection policies.
	Financial reports can be easily generated for any time period desired. Reporting periods of monthly, two months, quarterly, annually, fiscal to date or anything in between.

Standard Accounting Functions: The typical reporting package includes Balance Sheet, Income and Expenses, Account Receivable Aging, Cash Disbursements, Bank Statement Reconciliation, and Delinquency Status reports.
Billing and Collections: Receive, process and deposit monies in the Association account. Create charge backs to the unit owners and bill other collect other monies due the Association when appropriate. Generate late letters, balance due and 10 day demand letters upon schedule basis. Calculate, bill and collect special assessments when appropriate.
Pay Bills: Review vendors bills for accuracy and create checks for signature. Prepare and process payroll for Association's employees.
Annual Functions: Prepare financial reports and other data for the timely submission to the Associations outside Accountant. Prepare Annual Budget for the Board of Directors review, calculating Reserves, and Noticing Budget Meeting.