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

27 2017

It’s that special time of year in Minnesota when the sun starts to shine a little brighter, a little longer and a little warmer. Spring is here! While everyone is enjoying the weather, many are also anxious to get their home ready for summer. While spring… [+ MORE ]

23 2017

In November of 2016, Gaughan Construction began work on a new glass blowing studio in Minneapolis for Legacy Glassworks. A few short months later, in January, the studio was ready for a grand opening. Josh Wilken-Simon, owner of Legacy Glassworks, chose G… [+ MORE ]

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