Improve your Management Company’s Back Office
We Become Your Expert Accounting Department
- Improve your Process
- Includes Leading Systems
- Save Time Trying to Hire, Train and Manage Accountants
- We Manage the Accounting Output so you Don’t Have to
Individual Managers don’t have time…
…to do it all and continue to grow your business. If accounting is not your thing we can handle it for you.
Plus as you grow you don’t have to manage staff in addition to communities.
Management Companies lose money…
… by losing clients due to poor accounting and losing new/ referral business due to a poor financial reputation.
Plus why waste your time managing complaints from clients & staff?
Developers waste money…
… you know the physical management better than anyone but don’t want to spend time or money doing the associated financial tasks. Plus you can save over 50% compared to the cost of hiring a management company and keep more control before complete turnover to a Board.
With the tools available today it is easy to have a specialist handle the financial tasks and provide access to the best management systems while you do what you do best.
Get Started in 3 Steps
1. Request a Quote
Simply fill out our form and tell us about your community.
2. Receive Your Plan
We provide a proposal with options to fit your needs.
3. Transition Your Accounting
Switch to our accounting in 30 days or less with ongoing support.
Comprehensive Financial Services Tailored to Your Needs
Explore our range of services designed to simplify your financial management processes and enhance your community’s financial health.
Collections
Approve & Pay Bills
Monthly Financial Reports
Communication
Personalized Support
Email & Phone
Timely response to board and owner accounting questions
Systems Login
View your bank account, bills, documents and accounting info
Video Conferencing
Talk face to face to our accounting experts
Screen Sharing
Have a tricky question? Let’s look at your screen & discuss
Property Portal
Online document storage and built-in communication tools
Resale & Refinance Administration
Give Owners a Quick Turn Around
24/7 Maintenance Answering Service
Fewer Board Emergency Calls
Whether you are an Individual Manager, a Small – Medium Sized Management Company or a Developer we can help.
We Become Your Expert Accounting Department
What Community Financials Handle
ACCOUNTS RECEIVABLE
- Post owner assessments
- Post online and lockbox check payments
- Apply owner payments
- Update owner contact information at resale
- Upload lockbox files & image exception handling
- Post late fees
- Mail late notices
- Email or Mail Statements or Coupon Books
- Answer homeowner payment inquiries
ACCOUNTS PAYABLE
- Set up vendors & collect W9
- Login to Manager’s Strongroom system
- Use CF’s Strongroom
- Provide online review & approval of bills
- CF to set up approval process
- Pay all approved bills
- Process and send 1099s
- Set up new users/approve in Strongroom
- Handle all vendor payment questions
- Track vendor insurance expiration dates in software
FINANCIAL REPORTING
- Prepare financial reports
- Cash or modified cash accounting
- Reconcile all association bank & investment accounts monthly
- Provide year end financials
- Work with CPA on audits
- Budget Assistance
Explore Our Resources
Discover a wealth of knowledge tailored specifically for HOA and condo management. From detailed guides to practical tips, our resources are designed to empower you.
10 Steps to Self-Manage your HOA/Condo Community
