Association Accounting Services

We have over 13 years experience in the property management industry and servicing Home Owner Associations. Contact one of our experienced associates today!

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Accounting and Financial Reporting Services

For HOA's, Condominiums and Commercial Properties

Association Accounting Solutions utilizes accounting methods and reporting standards in compliance with GAAP (Generally Accepted Accounting Principles). We protect association funds with our own internal controls. With AAS, you can trust all invoices to go to the appropriate accounts with the help of your Board of Directors. In addition to this, we make sure to pay vendors and employees on time to promote healthy working partnerships.

We also assists with annual budget preparation. Prior to budget approval, we provide the board with a draft budget to which they can make any necessary corrections. This allows directors to evaluate the previous year and plan for the next, determining where costs should be contained and possible future projects. Our homeowners association accounting department also assists CPAs in the required annual audits by providing applicable financial records.

Our Financial Reporting Package Includes:

  • Balance Sheet
  • Income Statement
  • Budget Comparison Report
  • Delinquent Account List (with current status)
  • Prepaid Account List
  • Check Register
  • Bank Reconciliation Report
  • Bank Statements
  • Copies of all paid invoices

When requested, we provide board members with financial training including how to read statements. We continue training by keeping HOA board members abreast of changing interest rates concerning reserve fund investments and changes to financial laws. We also provide resources for taking preventative measures including protecting against fraud and embezzlement.

With Association Accounting Solutions on your side, financial management and accounting for condo associations and HOAs can be a breeze.

Do you have any Questions?

Call our office or call 877-352-1874 or contact us via Email. Trust in Association Accounting Solutions today!

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Property Management Billing and Assessment Collection

For HOA's, Condominiums and Commercial Properties

Without the timely collection of assessments, a community association could not be successful. Association Accounting Solutions understands this and offers multiple payment options, as well as, assists in collection proceedings.

We offer our homeowners the option to pay their association assessments using bank drafts, checks, money orders, or online through our website portal making it easier than ever to ensure their payment is made on time.

At the direction of the board of directors, Association Accounting Solutions manages the association’s collection policy. We act on the established policy the HOA board dictates, including pursuing the lien process and foreclosure if they so choose. Accounts moving into collections, lien or foreclosure are handed over to the attorney the association retains.

Why Get Professional Accounting Help?

Homeowners association financial reporting and accounting are two of the most challenging aspects of HOA management. Ideally, community members who are accountants or have experience with HOA accounting serve as board directors every year. However, not all homeowners associations have accounting professionals in their community. Moreover, it would be unrealistic for the same accountant to serve on the board in perpetuity.

Apart from this issue, far too often, HOA boards lack the expertise or experience to deal with the complicated nature of accounting and financial management. Association Accounting Solutions recognizes these problems and provides the best solution.

We have a dedicated team of highly skilled professionals ready to provide homeowners and condominium association financial reporting and accounting services. Our trained staff members adopt the best practices to ensure accurate results delivered with transparency. We have also built a network of trusted and capable Certified Public Accountants (CPAs) to address every accounting need.

We are the Financial Management Company for Your Association!

Association Accounting Solutions has years of experience in the HOA management industry. Throughout our time in business, we have perfected homeowners association accounting and financial reporting services. Whether your association is struggling with accounting and financial management or simply lacks the time to devote to such matters, you will certainly benefit from a partnership with Association Accounting Solutions.

All Accounting Services Include

Association Accounting Solutions (AAS) works with Board of Directors to provide exceptional financial management.  We provide your association the expertise of a firm that specializes in the needs of community associations and related financials, and is licensed in that capacity.

Monthly Financials

Includes Balance Sheets, Income & Expenses, Budget Comparison and Delinquent Reporting

Reserve Analysis

Reserve studies are vital to HOA management. They are used to gauge the condition of the association’s reserve fund to better plan a long-term budget.

Corporate Annual Reports

Because not all states have the same requirements, it is important that your HOA board examines the laws in your state. It is a good idea to use an experienced accounting service.

Tax Return Preparation

Even though your association may have a filing requirement, it doesn’t mean it will have a tax liability. The IRS still expects to see an HOA tax return every year.

Ready for a new Accounting Service?
It's as easy as One, Two, Three

Step 1

Complete the Request Service Form

Step 2

Evaluate the Request and submit a Proposal

Step 3

Set an Appointment to
discuss the specifics

Lets Get Started Today!