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FINANCIAL MANAGEMENT

  • Open Bank Accounts in Association's Name.
  • Define Chart of Accounts.
  • Obtain Historical Financial Records.
  • Create Journals.
  • Prepare Various Monthly Financial Statements
    • Balance Sheet
    • Check Register
    • Profit and Loss
    • Income Statement
    • Year-to-Date Comparison
  • Paying Authorized Bills.
  • Reserve Account Funding.
  • Review Utility Bills and Monthly Expenses.
  • Review and/or Prepare Annual Budget.
  • Maintain All Association Records.
  • Work with Accountant to Prepare 10-99s and
    File Annual Federal and State Tax Returns.
  • Facilitate Refinancing and Transfer of Ownership
    Efforts by Providing Lenders and Escrow Officers with Necessary Documents.




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EHM Association Property Management carries liability insurance along with comprehensive Fidelity Bond coverage.


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