- Open & Maintain
Operating Account in Association's Name
- Open & Maintain
Reserve Account(s) according to State Requirements
- Collection and Depository of HOA
Fee's Review Utility Bills
and Monthly Expenses
- Paying All Authorized Bills
Review
and/or Prepare Annual Budget
- Assist Accountant to Prepare 1099s
and Promptly File Annual Federal and State Tax Returns
- Enforce Delinquency
Collection Procedures
- Assist Legal Counsel with the
Collection Process
- Maintain All Association
Records
- Prepare Various
Monthly FinancialStatements
- Balance Sheet
- Check Register
- Profit and Loss
- General Ledger
- Income vs. Expense
Statement
- Bank Account
Reconciliation