Customized Services That Comply to Legal Requirements
Maintenance Assessment, Billing, and Collections
Process all unit owner payments
Make timely deposits
Automatic withdrawal of maintenance assessments
Lockbox services through Association Bank
Offer credit card payments for assessments
Follow the association’s collection policy and coordinate with the Association’s attorney for demand, the claim of lien, and foreclosure
Post late fees and send late notices
Maintain accurate owner ledgers as per Florida law
Process Accounts Payable
Receive, review and process Association vendor invoices
Prepare checks for Association expenses
Multiple options for payment processing are available
Maintain Vendor Ledgers to verify all payments made
Financial Reporting
Prepare and maintain accurate and complete financial statements
Balance Sheet
Budget Comparison Income Statement
Disbursement Register
Delinquency Report
Account Reconciliation
General Ledger Maintenance
Maintain Funding of Reserves
Maintain Insurance Schedules
Maintain Association operating, money market, and reserve accounts
Coordinate with Association’s auditors and CPA to prepare the year-end tax return and audit