Helping HOAs overcome common financial management challenges

FinancialsPlus+ provides tailored expert financial management services to help HOAs overcome financial management challenges.

  • This includes managing the association's financial records, bookkeeping, budgeting, and financial reporting.

What’s Included

  • The company can handle invoicing homeowners for assessments or dues, tracking payments, and pursuing collections for any outstanding balances.

  • Providing regular financial reports, such as income statements, balance sheets, and cash flow statements, to the association's board of directors or members.

  • Assisting in the creation and implementation of an annual budget for the association, taking into account expenses, reserves, and projected income.

  • Managing payments to vendors and service providers on behalf of the association, ensuring accurate and timely processing.

  • Overseeing the association's bank accounts, reconciling statements, and handling financial transactions.

  • Preparing and filing tax returns for the association, including any necessary state, federal, or local tax obligations.

  • Offering guidance and advice on financial matters, such as investment strategies, reserve funding, or financial planning.

  • Assisting with the coordination and preparation of financial audits or reviews, working with independent auditors if required.

  • Ensuring the association's financial practices align with relevant laws, regulations, and governing documents.