association financial services

At Gaughan Association Management, we protect, maintain, and enhance the financial success and longevity of your Association by providing timely, accurate financial data while assisting the board of directors in fulfilling their fiduciary obligations and responsibilities. Our accounting professionals handle all financial matters with precision and proficiency. The financial success of your community is our top priority.

Services Options

Services Options

Our financial services include:

  • Qualified and experienced accountants
  • Assessment collection
  • Accounts payable
  • Accounts receivable
  • Monthly financial reporting with variance analysis
  • Reserve tracking
  • Proposed annual budget
  • Per board direction, execution, renewal, or transfer of CD investments
  • Finance-related board training
  • Internal security process controls
  • Coordination with CPA for year-end reviews/audits and taxes
  • ACH (direct withdrawal)
Monthly Financial Statements

Monthly Financial Statements

Each board member will receive a complete financial packet of your association’s accounting activities. The monthly financial packet includes:

  • Cover sheet
  • Balance sheet
  • Budget comparison - operation
  • Budget comparison - reserves
  • Bank reconciliation report
  • Bank statements
  • Aging receivables
  • Aging prepaids
  • Accounts payable aging
  • Check register
  • General ledger

THE GAUGHAN BLOG

21 2020

Over the years, Gaughan Association Management has not only recognized the need to ensure their staff is well educated but also the knowledge the Board of Directors and Homeowners need to receive. The more education provided to the Board and Homeowners, t… [+ MORE ]

13 2020

At Gaughan, we prioritize in empowering our employees through educational opportunities for their personal and professional growth, which results in our company being able to better serve our customers.  Recently, Rozeanna Berg our Director of Commer… [+ MORE ]

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