• Comprehensive monthly reports:
Statement of Revenue and Expense with Budget Variances
Accounts Payable Open Item Detail
Cash Disbursement Report
Reconciled Bank Statements
• Accounts Receivable Management:
ACM will invoice and collect assessments, including daily deposits of funds received through our lockbox system. Owners have the option of paying assessments by mail, ACH debit, eCheck, and credit cards through ACM's website.
Follow-up action on late accounts
Provide liaison with your attorney on any accounts placed in collection
• Accounts Payable Management:
ACM will review and process all invoices
Pay all routine invoices on a weekly basis
Obtain Board of Directors approval for payment of project costs and unusual expenditures
Obtain Certificate of Insurance from all vendors
• Annual Budget Support:
ACM will prepare the draft annual operating budget with the input of Board and committees regarding services that are required, as well as planned.
We use historical data and cost trends for annual budget
• Cash Management:
• Audit and Tax Preparation:
All accounting done in accordance with Generally Accepted Accounting Principles.