Simplify Your HOA and Condominium Financial Management
with Accounting Plus
At Keystone Association Managers, we understand the unique financial challenges faced by HOA (Homeowners Association) and condominium boards. Our Accounting
Plus service is designed to provide comprehensive, transparent, and reliable financial management solutions tailored to your community’s needs.
About EAS:
We offer a service plan that:
- AFull-Service Accounting:
Comprehensive financial management including budgeting, assessments, and reporting.
- AAudit Preparation:
Detailed support for audit readiness and compliance.
- ABoard Access:
Board Access to bank accounts and management software to allow the board to control the HOA or Condominium.
- AEducation:
Regular Board education to assist with other HOA needs.
- AAdditional Help:
Call us in to help with a meeting or another HOA issue only when needed.
Accounting Plus for HOAs and Condominiums
At Keystone Association Managers, we have practices, procedures and software in place to help combat these eight common HOA financial Challenges.
Inaccurate or Delayed Financial Reporting
Boards often struggle with timely and transparent financial statements, making it hard to track spending or plan ahead.
Poor Budgeting and Reserve Planning
Many HOAs underfund reserves or misallocate funds, leading to special assessments or deferred maintenance.
Assessment Collection Issues
Late or unpaid dues can disrupt cash flow and create tension within the community.
Lack of Financial Oversight
Without proper checks and balances, HOAs may face fraud risks or mismanagement.
Audit and Tax Filing Stress
Preparing for audits or filing taxes can be overwhelming without professional support.
Vendor Payment and Contract Tracking
Managing multiple vendors and ensuring timely payments can lead to errors or disputes.
Transitioning Between Boards
New board members often inherit disorganized or unclear financial records.
Theft
Loss of funds from check washing and cyber thieves is becoming a common issue.
The Key Managers
Why Choose Accounting Plus?
Expert Financial Reporting:
Accurate and timely financial statements to help you track spending and plan ahead.
Budgeting and Reserve Guidance:
Ensure your community is financially
prepared for future expenses and avoid special assessments.
Assessment Collection:
Compliance and Oversight:
Practices to reduce the risk of fraud or mismanagement.
Audit and Tax Support:
Please send stress-free, auditable statements and tax filing assistance to your CPA and tax professionals.
Vendor Management:
Streamlined payment and contract tracking to avoid errors and disputes.
Board Transition Assistance:
Smooth transitions with organized and clear financial records for new board members.
Theft Prevention Tools:
Direct partnerships with banks and regular
cybersecurity training to protect your HOA funds.