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 Companies have been a wonderful account to do business with. They have been very straight forward and honest with all of the opportunities and projects that I have been a part of. It is also refreshing to work with a company whose… "

– Bruce Quitter, VP Commercial Sales CAP Carpet & Flooring LLC

THE GAUGHAN BLOG

12 2019

Liffey on Snelling Major developments are in the forecast for St. Paul’s Snelling Avenue. Excitement has sprung across the Midway neighborhood and not only because of the new Allianz Field. Gaughan’s very own Liffey on Snelling has been generating q… [+ MORE ]

14 2019

We want to congratulate and welcome eCig Market on the opening of their new location in Blaine at the Club West Plaza. This will be eCig Market’s third premier vape shop location. Their Grand Opening is set to be Friday, February 15th located at 10950 Clu… [+ MORE ]

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