We handle the details for you.
HOAMCO offers best-in-class HOA financial services and support for your association.
Proper fiscal management is a critical aspect of a healthy association. It is imperative that financial reporting is performed accurately and on schedule. HOAMCO performs assessment collections, processes delinquencies, disburses funds, and provides monthly financial reporting in accordance with HOA industry and GAAP standards. Tax and audit preparation is managed by a Certified Public Accountant for accurate fiscal accountability.
Our firm is also experienced in creating annual budgets and planning for future repairs and capital improvements.
HOAMCO’s financial services include:
o All routine financial reports
o Income/expense with budget comparison
o Income/expense – month-to-month comparison
o Check disbursements
o Aged payable detail
o Aged receivables detail
o Reconciliation of bank statements
o Detailed membership list, as requested
o Membership transfers
o General ledger
o Customized report generation, as needed