|
Premium quality Financial Statements, Assessments, Mailings, and Training allow Margaret Benson to offer truly effective professional services. Her understanding of the ongoing responsibilities of the HOA’s Board of Directors and other providers as well as the need to have good relations with your fellow owners allow provision of comprehensive professional services utilizing down-to-earth information.
Acting as your accounting service, she can handle enforcement of appropriate Board and HOA rules and regulations. She can receive and manage the occasional conflicts that arise. This allows you “stand apart” even as you appropriately remain fully involved.
The Financial Statements, conforming to GAAP (Generally Accepted Accounting Principles), will meet the needs of the directors, treasurers, loan institutions, and title companies. In addition, you can receive help with annual budget preparation.
Financial Statements
The statements include Balance Sheets, Income Statements, Cash Flow Report, Income and Expense to Budget Report, Bank Reconciliation Worksheets, and more. Form 1099’s will be annually generated and filed for your association. Budget planning worksheets for your Treasurer are provided. We are always available to answer questions.
To meet fiduciary responsibilities, the Board will have reports that are
1) On time,
2) Complete and Accurate,
3) Easy to read and understand.
Margaret Benson will provide information that makes the management of your association’s finances straight forward, trouble free, and time saving.
Assessments
We have found that payment books save you money and increase minimize delinquency's. We also can send out easy to understand monthly statements if you prefer. Our billing services allow tracking daily income balances based on collecting, posting and depositing payments. This allows timely assessment of any late charges and mailing of notices in accordance with your association’s collection policies. We will attempt to collect any delinquency before your association has to incur the cost of legal action or collection agencies. Delinquency lists are provided to the Board of Directors monthly, or more frequently if an issue is being addressed.
Mailings and Training
We can provide printing, folding, and mailing of notices, newsletters, election support materials, etc. For a new Treasurer, reference materials are available to aid in orientation and provide guidance through the demands of the job. Given a new Board of Directors, we can provide a course on financial and fiduciary considerations.
|
