HOA Accounting

HOA Accounting

 

Any reputable Arizona HOA Management or HOA Accounting & Collections firm understands that the basic building blocks of HOA accounting have evolved over the years, in response to the diverse needs of varying types of HOA communities (as well the various users of the financial reports).

With the increasing size and complexity of Arizona HOA’s in the Phoenix Valley area, and the increasing role of the affects of legislative changes, the responsibility placed on the association treasurer or accountant for presenting the results of the association’s operations is greater today than ever before. Fair and accurate reporting of the financial status and activities of the homeowners association is crucial to the vitality of an HOA community.

At Planned Development Services, we offer accounting specific services for Phoenix Valley HOA Communities, that need nothing but thorough, sound, and reliable HOA accounting services! All HOA accounting needs are unique, therefore our accounting solutions are custom.

 

Our HOA Accounting services include, but are not limited to:

  • Homeowner inquiries
  • Monitor assessment payments
  • Reconcile bank statements and financial records
  • Coordinate prompt payables to vendors
  • Coordinate collections
  • Escrow Requests
  • Provide monthly financial reporting
  • Prepare year end financials

 

Our responsible HOA financial reporting provides Arizona HOA Boards with fully transparent and easy-to-understand account reporting. Included in the financial reporting will be a list of paid invoices, balance sheets, YTD income expense statement, budget comparison statement, accounts receivable age owner balance report, and HOA collections report.

We arrange for an approved CPA firm to perform a yearly review, compilation or audit, and to ensure that all tax and corporate filings are completed in a timely manner.

PDS HOA accounting services are provided to any HOA community, even if they utilize another property manager, or operate as a self-managed community. Our HOA accounting staff routinely works with HOA’s solely on accounting needs!

We Provide Homeowners Association Accounting Services In:

  • Peoria, AZ
  • Glendale, AZ
  • Surprise, AZ
  • Sun City, AZ
  • Phoenix, AZ
  • Goodyear, AZ
  • Litchfield Park, AZ
  • El Mirage, AZ
  • Buckeye, AZ

We also take pride in our HOA Board education classes to inform board members about the “ABC’s” of HOA accounting. Courses such as “Budget Planning” and “Reserve Studies” are free to HOA Boards. We believe education is crucial for the effectiveness of the HOA Board and the success of the Board’s relationship with its residents.

You can’t beat the quality of service and undivided attention of our HOA Accounting staffContact Planned Development Services today to have a discussion about your HOA accounting and/or HOA collections support needs. We look forward to speaking with you!