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Condominium &
Home Owners
Association:
The Comprehensive Professional
Services of Chayim Kessler, CPA, PA.
Annual review or
compilation reports, as may be required by law
Weekly,
monthly and quarterly financial reports
Complete
daily financial management and accounting activities
Attendance
at board meetings, when needed
Presentation
of year-end financial overview at annual meetings
Assist Budget Committee with preparation of annual
budget
Monitor
implementation of budget
Delinquent and late-fee notifications to unit owners
Bank lock-box service for payments of maintenance
fees by owners
State
and Federal tax-return preparation and filing
Coordinate
short- or long-term association bank loans
Typical Custom Monthly Reports and Activities provided
for your Association by Chayim Kessler, CPA, PA.
Monthly
Treasurer's Report includes: Cash balances in all bank
accounts. Expenditures from restricted and unrestricted
funds. Delinquent maintenance fees. Prepaid maintenance
fees. Monthly review and expenses Highlighted under/over
budget items.
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12-month Trend Report - complete itemized break- down
of all budgeted expense line items compared to actual
expenses and annual budgets to date
Daily
banking activities - deposits and disbursements
Bank
reconciliation summary with copies of all bank statements
Uncleared
bank transaction details - checks/ payments/ deposits
and miscellaneous credits
Itemized
delinquency and prepaid maintenance fees
Monthly
accounts payable and accrued expenses
Payroll
accountability and regulatory compliance
Monthly
or quarterly delinquency billing for late-fee charges
Check
preparation with invoice backup ready for signatures |
Is Your Association Ready for the 21st Century?
Let's face it. Nobody does business
the "way we used to." Nobody can afford to.
Today's era of specialization and technology has forced
everyone, especially community associations, to reconsider
how to achieve the most efficient and cost conscious
financial operation possible.
Today's well attuned businesses keep
abreast of the constantly changing business environment.
So must community associations.
How
is this Achieved?
Financial
management and budgeting decisions are some of the most
important decisions a Board makes. Qualified financial
control over the budget assures the members of the association
the daily operations and major projects are accomplished
in a prudent, economical manner. Proper financial management
also requires more than a knowledge of finances. Complimentary,
skilled accounting personnel and technology are integral.
When you use the certified public accounting services
of Chayim
Kessler, CPA, PA:
1.
Management companies or on-site property managers are
freed to do what they do best-manage.
2. Volunteer directors also make more efficient use
of their time. The Board, as well as the manager, does
not have to be consumed with the association's daily
financial operations, office employment turnover, training/supervising
personnel, purchasing equipment, upgrading technology,
banking, check writing, reports. The list goes on.
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