Did you just take over an HOA? Getting heat from your Board? If you haven’t had one in a while… the first thing you’ll need is an AUDIT!
Books are mess; residents are behind on payments; there’s more foreclosures in the neighborhood than ever before; landscapers aren’t doing their jobs; the former HOA Management Team paid for things it should not have, or did not pay much at all? Sound familiar? We hear it all the time and we can help.
An Audit is an objective exam of the financial statements. You need to know what’s going on and get a grip of it. It’s your job as HOA management to make sure the homeowner’s money from monthly/yearly dues are protected and spent wisely.
The best financial practices have to be in place:
- Regular Audits
- Dual Check Approval Processes
- Monthly Reconciliation/Basic Accounting Principles
HOA’s are one of our special niche industries. Call us today – we can take the stress away!