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Reliable Accounting and Bookkeeping Support Services

At Bright Bookkeeping & Management Corp, we understand the critical importance of sound financial management for homeowner associations (HOAs), condominium associations, and other community associations. Our comprehensive Association Accounting services are designed to alleviate the administrative burden on board members while ensuring transparency, accuracy, and compliance with industry standards. With our expertise and commitment to excellence, you can trust us to handle all aspects of your association's financial affairs with precision and care.

Services Included:

Timely Payment Processing
We ensure the prompt payment of all vendor invoices via secure online payment platforms or traditional check issuance, helping to maintain positive vendor relationships and prevent late fees.
Revenue Management
Maintenance fees, special assessments, and other dues are diligently collected and deposited daily into the association's designated bank account, maximizing cash flow and financial stability.
Owner Portal
Owners have convenient online access to their accounts, enabling them to view statements, make payments, and set up automated payments for hassle-free transactions.
Account Maintenance
We manage checking accounts for day-to-day operations, reserves, and facilitate bank transfers as needed. Monthly bank reconciliations are conducted to ensure accuracy and detect any discrepancies.
Financial Reporting
Board members can access our secure online accounting software to view real-time financial data and approve payments, promoting transparency and informed decision-making.
Monthly Financial Packages
We prepare comprehensive monthly financial packages, including balance sheets, income statements, budget supporting schedules, and our signature net cash position report, providing a clear snapshot of the association's financial health.
Accrual Basis Accounting
Financial statements and fund accounting are prepared on an accrual basis as recommended by the American Institute of Certified Public Accountants (AICPA), ensuring accuracy and compliance with industry standards.
Ongoing Support
Our dedicated team of property accountants is available via email or phone during business hours to address any questions or concerns board members may have, offering personalized support and guidance every step of the way.
Budget Preparation
We assist in the preparation of annual operating budgets and long-term capital budgets, helping associations plan for future expenses and maintain financial stability.
Administrative Support
We handle the preparation of resale certificates and condo questionnaires, as well as file the association's annual report for the state, ensuring compliance with regulatory requirements.

Schedule a Call Today with One of our Accounting advisors.

Services

Ready to Work Together?

If you're ready to streamline your association's financial management and ensure long-term financial health and stability, we invite you to schedule a consultation with our experienced team at Bright Bookkeeping & Management Corp. Click below to get started on the path to financial peace of mind.

 

This services page highlights the comprehensive range of Association Accounting services offered by Bright Bookkeeping & Management Corp, emphasizing convenience, transparency, and expertise in financial management for community associations.