FINANCIAL HOA SERVICES
Industry-specific software
Our software addresses all of the unique requirements of association management:
process making operational, administration and management functions faster, easier, and more productive.
Monthly Billing
- Distribute computerized monthly billings to each homeowner.
- Itemize current monthly dues, prior balances, late fees, special assessments, fines and other charges.
- Collect, deposit and account for miscellaneous income
- (i.e., laundry, clubhouse rental fees, keys, etc.).
- Maintain accurate records of receipts and expenses.
- Offer Homeowners option to pay by automatic bank deduction
Accounting
- Balance Sheet.
- Income and expense statement showing monthly and year-to-date amounts compared to budget with
- Check Register.
- Listing of unpaid invoices.
- Status report of monthly maintenance fee income
- Accounts receivable
- General Ledger.
- Reconciled monthly bank statement.
A&P Records
- Assist in establishing the annual budget, and required independent Reserve Study.
- Promptly pay Association's payables at least twice per month.
- Provide for individual checking and savings accounts for each property, with dual Board signatures, or one Board plus management company signatures as per Board’s
- Follow through with collection of any outstanding monies owed to the Association. This includes the filing of pre liens and liens as provided in the CC&R's in accordance with the Association's delinquency policy and the California civil code.
- Available through the portal 24/7.