Managing the finances of a condominium is a multifaceted and time-consuming responsibility that requires expertise and precision. At Andrejs Property Management, we specialize in offering an extensive range of financial services specifically designed to streamline and enhance the financial management process. With over 20 years of experience in property management, our team of dedicated professionals possesses the knowledge and skills to provide comprehensive accounting services in accordance with Generally Accepted Accounting Principles (G.A.A.P.).

Explore our comprehensive financial services:

  1. Complete accounting services in accordance with G.A.A.P.

Our commitment to adhering to G.A.A.P. ensures that we maintain the highest standards in financial reporting and accounting services. From meticulous bookkeeping to ledger maintenance, financial statement preparation, and tax filing, we ensure accurate and timely recording of all financial transactions.

  1. Receivables & payables processing and banking

Efficient management of receivables and payables is essential for maintaining smooth financial operations. Our capable team handles all aspects of receivables and payables processing, ensuring bills are paid promptly and all receipts are meticulously recorded and deposited on time.

  1. Timely maintenance fee collection

Timely collection of maintenance fees is vital for the effective management of a condominium. We work closely with the Board of Directors to ensure the efficient and timely collection of all maintenance fees.

  1. Payroll administration

We take charge of payroll administration, covering employee compensation and benefits administration, tax filing, and compliance with labor laws. Our meticulous approach ensures accurate and compliant payroll management.

  1. Budget preparation

We provide invaluable assistance in the preparation of budgets, meticulously accounting for all costs and ensuring that the budget is both realistic and achievable.

  1. Revenue & expenditure control and analysis

Detailed revenue and expenditure reports are crucial for monitoring the financial health of a condominium. Our team generates comprehensive reports that enable the Board of Directors to analyze financial data and make informed decisions regarding improvement strategies and cost-saving measures.

  1. Computerized reporting systems

We employ advanced computerized reporting systems that deliver accurate and timely financial information to our clients. These systems facilitate efficient tracking of financial transactions and generate detailed reports that are easily understandable.

  1. Investment of condominium surplus funds

We offer professional guidance in managing the investment of surplus funds, ensuring responsible and profitable investments that maximize returns.

  1. Review reserve fund based on an independent reserve fund study

We conduct a thorough review of the reserve fund based on an independent reserve fund study, guaranteeing that the condominium maintains sufficient reserves to cover unforeseen expenses.

  1. Preparation of all working papers for auditors

We prepare meticulous working papers for auditors, streamlining the audit process and ensuring accuracy and efficiency.

Choose Andrejs Property Management for Expert Financial Solutions

At Andrejs Property Management, we recognize the pivotal role that effective financial management plays in condominium success. Our commitment is to deliver comprehensive and professional financial services tailored to meet the unique needs of our clients. Contact us today to discover how our expertise can help you seamlessly manage your condominium finances, ensuring financial stability and peace of mind.