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 used Gaughan Companies to find our space for our new CrossFit gym. We worked with Dave and couldn't have found our perfect location without his guidance and leadership. I would recommend this company day in and day out. They relieved the stress… "

– Vanessa Biernat, Owner of CrossFit Osiris

THE GAUGHAN BLOG

13 2018

We want to wish a warm welcome and congratulations to DEVO Fitness, who opened their new Coon Rapids location this month. DEVO stands for “Devoted,” which is their promise to continue to design a community environment that people of all fitness levels wil… [+ MORE ]

06 2018

On Friday, July 27, 2018, John Chirhart, Gaughan VP of Sales and Leasing, participated as a panelist at the 2018 Minnesota Real Estate Journal’s East Metro Development Summit, hosted at the University of St. Thomas. He was part of a panel that was compris… [+ MORE ]

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