FINANCIAL SERVICES
Classic uses a fully networked, double entry, full general ledger accounting program. The program provides a rigorous audit trail, but still allows the maximum flexibility in customizing reports. Data is easily exported to either Microsoft Word or Excel. Coupled with our accounting program is a relational data base tying together owners, vendors, payment histories and all the general information which requires quick access.
Accounts receivables (payments of assessment fees) are all processed in our office. The payments are stamped with the date received and posted daily.
Classic will review the collection policy of Your Homeowner Association with our collection attorney to be sure of compliance with the governing documents and relevant laws. The delinquent accounts will be processed according to your collection policy automatically to insure a maximum collection of debts.
The financial reports are produced on the first day of the month, for the prior month end. These reports are delivered to the Board of directors one week prior to the monthly Board meeting for their review. On a monthly basis, we monitor and code all expenses to G/L Codes that match your budget. We provide a Budget Comparison Report monthly in order to track your spending.
Classic managers manage by objectives. This places a premium on preparing and implementing a budget. We will schedule a budget meeting to help the Board determine the best budgeting for the upcoming year.
By carefully tracking expenses and correctly projecting income, the resources will always be available to maintain the buildings and common area without unanticipated increases.
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