Sometimes you just need someone to do it all.

Receivables Management

  • Generation of Assessment Charges
  • Post miscellaneous charges and adjustments to Homeowner Accounts
  • Late Fee and Interest Charges
  • Lock Box Payment Posting
  • Manual Payment Posting
  • eCheck & Credit Card Payment Posting
  • ACH Payment Posting
  • Returned Payment Posting
  • Refund Homeowner Payments/Credit Balances
  • Transfers of Ownership (Resale processing)
  • Monthly Billing Statements or Yearly Coupon Books processed through LetterStream

Payables Entry

  • Payables and Vendor Payment Processing through Strong Room
  • Payroll General Ledger Entries for Associations Payroll
  • Once per month Debit Card transaction entry
  • 1099 processing for vendors

Monthly Financials

  • Daily Reconciliation of Bank Accounts for Partner Banks*
  • Monthly Financial Reports produced by the 5th business day of each month
  • Standardized Month End Financial Report Package
    • Balance Sheet (Operating and Reserve)
    • Income Statement (Operating and Reserve)
    • Aged Receivables
    • Aged Payables (for accrual accounting only)
    • Cash Disbursement Report
    • Bank Account Reconciliation Report
    • Bank Account Statements (Partner Banks only)

Budgeting

  • Annual creation of a draft budget for each association

Collections

  • Processing of 30,60,90 day collection letters through LetterStream

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