|
Accounting Only Service
Breakaway Management understands the unique needs of small condominium, townhome,
and homeowner associations. Due to budgetary restrictions, hiring a property management
company may not be a viable option.
Self-managed associations are faced with a number of challenges in operating the
association. We have found that often times board members don't have the necessary
resources (time & money) to manage their association effectively. We would like
to serve as your primary point of contact for all your association needs.
Our accounting only service will handle all bookkeeping and financial responsibilities
for your condominium, townhome, or homeowner associations so that you can focus
on running the association.
Additionally, Board members and residents can access their account activity online
from the association's website provided by Breakaway Management. This website also
allows Board members to get instant access to preferred vendors in various categories.
|
- Serve as primary contact for the Board
- Setup association website
- Upload homeowner documents & meeting minutes
- Update resident and vendor information
- Create maintenance calendar
- Provide access to qualified vendors
- Manage projects on a consulting basis
|
- Collect assessments
- Handle collections over 90 days
- Review and pay all invoices submitted for payment
- Provide monthly & annual financial statements
- Reconcile bank accounts monthly
- Assist in creating annual budgets
- Recommend savings strategies for reserve accounts
- Prepare and submit corporate annual reports
- Assist with filing corporate taxes
|
Request a proposal for accounting only services and learn how we can help your association
provide better value.
|