Comparison of Services Offered
for Homeowner Associations


HOA Financial Management Services offers two types of services to homeowner associations in California. These consist of Financial Services Management and Accounting Services.


Summary of ServicesFinancial Services ManagementAccounting Services
Accounting Services
Assistance in preparing an Annual BudgetYesYes
Preparation of monthly Balance Sheet, Statement of Cash Receipts and Disbursements, Check Register, Delinquency Report and Bank ReconciliationsYesYes
Mailing of monthly invoices for assessments and delinquency noticesYesYes
Payment of all authorized billsYesYes
Distribution of the Annual Financial ReportsYesYes
Funding of reserve accountsYesYes
Assisting with tax returns, audits and reviewsYesYes
Preparation of payroll checks (if required) and federal payroll forms 1099 and DE 542Extra ChargeExtra Charge
Preparing and mailing notices, nomination forms, ballots and agendasYesNot Included
Records and Correspondence
Maintenance of all Association recordsYesAccounting Records
Sending Violation NoticesYesNo
Recording changes of ownershipYesYes
Responding to inquiries from escrow holders, mortgage companies and real estate agentsYesYes
Preparation of Year End Disclosures. Filing Reports
With the Secretary of State
YesNot Included
Making appearances for the Association in Small
Claims Court
YesNot Included
Coordination with the HOA Inspector of ElectionsYesNot Included
Enforcing the Association’s late charge, lien and collection policyYesNot Included


HOA Financial Management Services