Accuracy with community finances and the HOA budget can be a complicated and involved situation. Your HOA management company will have the experience to handle the complications of community finances. A well-versed HOA management firm will be able to:
- Manage bank accounts for the community
- Accurately Estimate Maintenance Costs
- Review monthly billing for community dues and assessments
- Provide detailed record keeping on all accounts payable and accounts receivable
- Create monthly financial statements in a timely manner
- Provide guidance for long-term funding for the community and board