Financial Management
HomeRiver Group Columbus handles all aspects of association financial management. From accounts receivable and payable to budgeting, we ensure your finances are properly managed, so you don’t have to.
Our association financial management services include the following areas:
Accounts Receivable:
- Maintain and update homeowner master list
- Complete Association questionnaires/certifications and closing letters
- Create and mail invoices
- Receive, record and deposit funds
- Delinquency follow-up
- Create and send monthly or quarterly statements for accounts with outstanding balances
- Apply late fees and interest charges
- Send “file/lien/collection” requests to association’s attorney
- Court Appearances
- Establish budget & chart of accounts for association
- Input all revenue & expenses in accounting system and report monthly
- Produce monthly financial reports, including:
- Income statement (Budget vs. Actual year-to-date)
- Balance sheet
- Check register
- Homeowner delinquency report
- Reconcile bank statements monthly
- Prepare tax return information for outside accountant (CPA)
