HOME OWNERS ASSOCIATIONS

BOOKKEEPING: HOA Accounting

Accounts Receivable:

• Receive monthly contributions (HOA Fees) – monthly automatic withdrawal available
• Follow-up of delinquent accounts - 30, 60, 90 day notices
• Prepare and register caveats and initiate subsequent legal commencement as required

Accounts Payable:

• Prepare cheques for payment of invoices -board signature (approval) required
• Submit government remittance as required
• Monthly financial reporting – e-mailable
• Maintain operating and reserve fund bank accounts and reserve fund investments
• Prepare records for annual audit as required

ADMINISTRATIVE:

• Prepare annual “draft” operating budget for HOA board approval
• Prepare and distribute annual assessment notices and approved budget to all homeowners
• Prepare and distribute AGM notice and proxy - Attendance of AGM
• Provide documents as requested – in accordance with SOCIETIES ACT
• G.S.T. filings

MISCELLANEOUS:

• Project Management – (Time and Disbursements)