Financial Services
We believe that accurate and timely financial reporting is essential to condominium management operations. We employ skilled accounting professionals with extensive experience in the condominium industry and provide the following service:
Establish time lines and controls to ensure delivery of accurate Financials Statements by the 15th of the following month.
Utilize pre-authorized payment plans to ensure timely payment of utility bills, electronic funds transfer to ensure timely payment of condominium maintenance fees.
Run cheques for suppliers monthly to ensure prompt payment of our proven trade people.
Established lien and collection policy to keep arrears at a minimum.
Online banking to allow fast tracking of bank errors, returned cheques and to aid in timely bank reconciliation.
Prepare detailed budgets recognizing seasonal variations
The Financial Package includes:
• Aged A/R and A/P
• Balance Sheet
• Bank Reconciliation Statements
• Miscellaneous Receivables and Accrued Liabilities
• Investment Summary (where applicable)
• General Ledger for Month
Cheque Register