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.