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With our Financial Management Services Only, Maximum Property Management will provide complete accounting services for Community Associations. Maximum Property Management will maintain complete, accurate financial records. Each association managed by our company will have their own separate operating and reserve accounts.
We believe providing the Board of Directors complete, accurate and timely association financial reports is critical to the operation of the association and decisions to be made by the Board.
The following reports will provided on a monthly basis:
- Balance Sheet
- Income and Expense Statement with Budget Comparisons
- Cash Disbursement Report
- Account Receivable Report
- Bank Statements
Other financial services provided:
- Periodic collections and deposits of Association dues, charges and assessments
- Provide, at Association’s expense, payment coupons if applicable
- Reconcile all bank accounts on monthly basis
- Maintain accurate homeowner ledgers
- Maintain records showing receipts and expenditures of the Association
- Mail authorized vendor payments on behalf of the Association
- Provide financial and other information to the Association’s accountant or CPA for preparation of tax documents and audits.
- Provide necessary financial documents to realtors, mortgage, and title companies as requested.
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