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Accounting Services!

Do you struggle with your accounting capabilities for your homeowner association, condominium association, or your community association?

We recognize that the majority of homeowner and condominium associations are self-managed for many different reasons.  Many aren't located where professional management companies exist, some are too small to afford the management company services, while others simply prefer self management.

Unfortunately many associations find it difficult to provide excellent accounting and business services to their members.  Through the internet and relevant processes established, your association can receive excellent service, regardless of size and location.

You should consider our accounting and business services to experience what other associations have found out regarding the following benefits,

  • reduce your accounting costs while receiving better service, information, and satisfied members

  • gain access to industry experienced accountants and knowledge (without the cost of full-time), while obtaining unprecedented online capabilities

  • lower your outside CPA fees due to our facilitation of the annual audits and reduce the CPA' time spent

  • increase efficiency and effective of existing personnel, while insuring against the loss of your accounting knowledge

  • receive, and have online access, to real time accounting information that is accurate

  • have a 3rd party provide for good segregation controls and reduce the chances of fraud

  • ease of invoice approval and payment of invoice while allowing all, or portion, of Board Members viewing each electronic invoice before their approval and at the convenience of any internet ready computer

  • provide for smooth transitions during staffing changes

  • we offer flexible charts of accounts and financial statement presentation

A SAMPLE of the specific accounting and business services we offer associations across the country on an electronic and internet capable basis include:

  • day-to-day accounting (outsourced accounting).  This includes billing, collecting, and depositing assessments as well as issuing checks upon electronic approval of invoices from Board Members.

  • whether we handle the day-to-day accounting or your community handles it, we perform monthly review and reconciliations of general ledger accounts including bank reconciliations

  • preparing and mailing late letters, welcome packages, meeting and other notices, etc. to new and existing members

  • maintenance of owner database

  • preparation and facilitation of annual budgets

  • interfacing with outside attorneys regarding collection efforts

  • permanent electronic storage and retrieval of Association's records (including invoices, financial statements, governing documents, etc.)

  • monthly closing, financial statement preparation, and issuance of financial statements to Board.

To get more information, or a custom proposal, regarding your accounting or business services needs then click here!

 

Testimonials:
 

"Prior to hiring BFS, the accounting for our self-managed Association struggled with inconsistencies and reliability when we performed this function internally.  Since utilizing BFS for our day-to-day accounting functions, we have confidence in our financial information and are pleased with the performance of the firm" -

Gerald, President of Townhome Association

 

"I wish you could see me doing back flips, now I can start enjoying the holidays!  Thank you for assisting me in getting all of my communities' financials in order...next year is going to be a much better year!"-

Margie P., Owner of - Community Management Company located in Utah