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

02 2020

In every industry, it is key to introduce the right partnerships to our customers.  Recently, our Association Management team chose to partner with Pacific Premier Bank. Pacific Premier Bank is ranked in 2020 as one of America’s Best Banks by Forbes … [+ MORE ]

26 2020

The Shakopee Apartments Development in Shakopee, MN is progressing well. This development consisting of luxury market rate apartments, townhomes, restaurant and retail/fitness is on track to break ground this year. The Riverside Redevelopment project is i… [+ MORE ]

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