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

" Making the move to owning our own space and renovating that space was the biggest thing that our non-profit agency has contemplated in its 40 year history. I had no idea how to begin the process. So when we met with Gaughan Companies, it was like a… "

– Jeanne Walz, Executive Director Lakes Center for Youth and Families

THE GAUGHAN BLOG

29 2018

Earlier this month, Gaughan Association Management was able to attend a great educational conference hosted by Community Associations Institute (CAI). This national conference provided key educational sessions that delivered information to allow our team … [+ MORE ]

23 2018

On Friday, May 4, 2018, Gaughan Brokerage Senior Associate, Tom Opsahl, participated on a panel for the 14th annual Land Development Conference. This conference is hosted yearly by the Minnesota Real Estate Journal at the Golden Valley Country Club. The t… [+ MORE ]

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