Managing the finances of a condominium can be a complex and time-consuming task. That’s why Andrejs Property Management offers comprehensive financial services to help make the process easier and more efficient for you. With over 20 years of experience in property management, our team of professionals is well-equipped to provide complete accounting services as per G.A.P. (Generally Accepted Accounting Principles).
Here’s a closer look at the financial services we offer:
Complete accounting services as per G.A.P.
We adhere to G.A.P. standards for financial reporting and accounting services. Our accounting services include bookkeeping, ledger maintenance, financial statement preparation, and tax filing. We ensure that all financial transactions are recorded accurately and in a timely manner.
Receivables & payables, processing and banking
Our team takes care of receivables and payables processing, as well as banking. We ensure that all bills are paid on time, and that all receipts are properly recorded and deposited in a timely manner.
Timely maintenance fee collection
Maintenance fees are an essential part of managing a condominium, and we understand the importance of timely collections. We work closely with the Board of Directors to ensure that all maintenance fees are collected in a timely and efficient manner.
We take care of payroll administration, including employee compensation and benefits administration, tax filing, and compliance with labor laws.
We assist in the preparation of budgets, ensuring that all costs are accounted for, and that the budget is realistic and achievable.
Revenue & expenditure control and analysis
We provide detailed revenue and expenditure reports to the Board of Directors, allowing them to track the financial health of the condominium. Our team analyzes these reports and provides recommendations for improvement and cost savings.
Computerized reporting systems
We utilize computerized reporting systems to provide accurate and timely financial information to our clients. Our systems allow for easy tracking of financial transactions, and provide detailed reports that are easy to read and understand.
Investment of condominium surplus funds
We help manage the investment of condominium surplus funds, ensuring that they are invested in a responsible and profitable manner.
Review reserve fund based on an independent reserve fund study
We review the reserve fund based on an independent reserve fund study, ensuring that the condominium has adequate reserves to cover any unforeseen expenses.
Preparation of all working papers for auditors
We prepare all working papers for auditors, ensuring that the audit process is efficient and accurate.
Andrejs Property Management
At Andrejs Property Management, we understand that financial management is a critical component of successful condominium management. Our team is committed to providing our clients with comprehensive, professional financial services that are tailored to meet their unique needs. Contact us today to learn more about how we can help you manage your condominium finances.