Alliance HOA provides complete financial management from all aspects of the accounting cycle. The financial reports are created with care and represent a story from beginning to end. We take the time to explain all numbers and make sure the reports are easily readable by all members. We not only provide the minimal reports needed but provide extra reports to help engage decisions throughout the year.
Financial Report
Prepare Financial Report for submission to Board on a monthly and yearly basis
Income and expense statement
Balance Sheet
General ledger AR/AP
Past due accounts
Budget – An annual budget will be prepared and presented to allow the Board and homeowners to review and discuss
Accounts Receivable
- Provide direct deposit access to all residents. Coupon books and ACH are also available
- Initiate collection proceedings as required, including letters and late fees
- Collect special assessments
- Maintain individual unit owner payment records
Accounts Payable
- Issue checks for payment – maintaining timely payment schedule. Code invoices to general ledger accounts for proper budget control and auditing
- Maintain check register
- Track invoices for all contractual obligations on a timely basis
- Maintain credibility of Association with all suppliers
- Maintain detailed records – including filing of paid invoices
Past Due Accounts and Collections
- Send statements of accounts to all delinquent owners
- Provide Board with list of past due accounts
- Follow through on collection procedures
- Legal liaison – assist with liens, foreclosure procedures at Board’s direction
Audit
Provide information to auditors in performing audits.
Prepare information relating to year end closing of books in preparation for annual tax filings.
Bank Accounts
Maintain checking, savings, and other banking accounts on behalf of association
Utilize association funds to maximum earnings on all accounts in respect to associations needs.
The Alliance Advantage
We will go above and beyond your expectations when it comes to the financial aspect. We provide financial reports to help in understanding your finances in a simplified manner. Our information will be available real time and up to minute. Contact us and let us show you how our reports compare.