community by the beach

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