Finance & Accounting
Capital Association Management specializes in providing financial management services that prioritize long-term value creation with a primary focus on ensuring your financial safety. Our commitment to the most stringent security protocols, financial standards, and an extensive suite of financial and accounting services sets us apart in the industry.
Our in-house accounting team has an outstanding reputation for providing financial stability, security, and accuracy in record-keeping. Their expertise spans various areas, including expense tracking, cash flow control, budget and reserve management, and collections strategy. The team’s commitment to presenting reports in a clear and concise manner has earned them a well-deserved reputation for excellence.
Our services include:
Monthly financial reports including balance sheets, income statements, general ledgers & accounts payable.
Preparation of annual operating budget for Board review based on prior operating expenses, estimated future expenses, and required or needed capital reserves.
Mail notice of late of assessment to any owner in arrears and take such reasonable action for the collection of the delinquent assessments and for late fees and interest due the Association.
Secure management of electronic funds with AppFolio & secure In-Office Bank Scanners for secure management of owner funds.
Appfolio accounting software allows owners to access real-time 24/7 information related to the association account balance, make payments, place work orders, and access association documents.
Manage accounts receivable of all assessments and other charges due by or received from Owners.
Assist in the preparation of an annual audit and appropriate tax returns by the Associations CPA firm.
Insurance Procurement and Management
Tax Preparation