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

15 2019

This past Thursday, our Senior Community Manager, Kari Ross, attended the Community Associations Institute (CAI-MN) education session “WHAT TO DO BEFORE WINTER STRIKES!” The session focused on ways for community managers and homeowners to prepare for Minn… [+ MORE ]

29 2019

This year, Gaughan Companies is proud to celebrate 50 years of providing exceptional service to clients throughout the Twin Cities and across the state. Every day, as our company grows, we continue to build a strong, dedicated team of individuals who carr… [+ MORE ]

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