HOA financial services

At Gaughan Companies, 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

Gaughan Companies HOA financial services include:

  • Qualified and experienced accountants
  • Assessment collection
  • Accounts payable
  • Accounts receivable
  • 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 of year-end financial tax audit
  • 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
  • Bank statement
  • Bank reconciliation
  • Check register
  • General ledger for the month
  • Reserve expenditures schedule
  • Age receivable listing
  • Copies of collection advisory

" We can go to Gaughan Companies, and they will have somebody in their shop whose expertise is in the area we need. They know our different real estate needs from development to site-selection to ground-up construction. Gaughan Companies has been a… "

– Rich Smith, Family Pathways Executive Director

THE GAUGHAN BLOG

02 2018

Gaughan, the Minnesota-based Commercial Construction and Development firm, began construction in August on a new, two building commercial development in Fridley, Minn. The first phase of this project is scheduled for completion in early December 2018. The… [+ MORE ]

14 2018

Gaughan is delighted to be working with McNamara Company on constructing a 5,000 square foot addition to their current office location in White Bear Lake. Since 1970, McNamara Company has been providing personal and business insurance solutions for their … [+ MORE ]

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