At City Property Management, we are one of the largest locally owned and operated HOA management companies in Arizona. Our dedicated and experienced team is committed to offering efficient and cost effective HOA services to our clients. We know how important accurate, detailed, and clear accounting is for your homeowners association and we are prepared to deliver.
Our diligent team also knows that accounting can be a time-consuming and tedious process. City Property Management can simplify this process, as our dedicated professionals have the skills, experience and knowledge needed to provide in-house accounting services to HOAs. City Property’s dedicated accountants ensure that our clients’ finances are always handled properly. We also have the best technology platforms to serve your HOA’s accounting and financial needs. To get a proposal or to find out more about our in-house accounting services, please give us a call or send us an e-mail today.
An Overview of the In-House Accounting Services We Offer in Arizona
Dedicated Community Accountant
Accounting is one of most important tasks an HOA management company handles for a community. Your HOA’s finances must always be handled with the highest level of care and according to best practices. At City Property Management, our team provides every client with a dedicated community accountant. You should never have to worry that board members will not know who to call with a financial question or financial issue. A highly trained, professional accountant will be assigned to your HOA. City Property Management serves more than 300 HOAs in the Phoenix metro area, Tucson and across the state.
We only hire the best. At City Property Management, we know that we are only as strong as our employees. Our accountants have the training, skills, and experience needed to provide your homeowners association with exceptional service. Your community accountant will be able to handle all your HOA’s issues related to finances, including producing monthly statements, managing bank accounts, paying vendors, and much more. Remember, if you or any other board member have questions or concerns about a financial matter, your community accountant is always ready to help.
Accounts Receivable
Accounts receivable is a balance of money that is owed to a company. In other words, accounts receivable are incoming financial assets. It is money owed to an account for goods or services that have already been obtained, but they have not yet been paid for yet. To be clear, these are funds being received by the community. Accounts receivable are financial assets that should be included on a balance sheet. It is essential that the financial books of your HOA are accurate. Our in-house accountants have deep experience handling accounts receivable. You will never have to worry about issues or confusion related to your HOA’s incoming financial assets.
Accounts Payable
It is useful to think of accounts payable as the inverse of accounts receivable. They are essentially short-term debts that are owed to creditors or suppliers. As the opposite of accounts receivable, this is the money the community owes to vendors, utilities, or other bills. They should also be included on your HOA’s balance sheet. This time they must be included as a financial liability. Our dedicated community accountants at City Property Management also have extensive experience handling accounts payable. We will make sure that all your HOA’s vendors and other companies are paid on time and in the exact appropriate amount.
Utility Tracking
At City Property Management, our in-house accounting team is well versed in utility accounting and utility tracking. In HOA communities, some utilities are handled by the individual homeowners, while other utilities are handled by the HOA. The utilities handled by the homeowner’s association will typically be funded through HOA fees.
In all cases, we offer the best utility tracking software and accounting procedures so that your HOA board knows exactly where and how money is being spent. HOA boards need accurate information so that they can make informed decisions related to their utilities. Our Arizona HOA management team also has the skills and expertise needed to handle all types of utility contracts. City Property Management will ensure that your community is getting the best services for your budget.
24/7 Account Access
One of the many things that sets City Property Management apart from other companies is that we use state-of-the-art accounting software. We offer unprecedented levels of transparency and access to our clients. Residents have 24/7/365 account access for all HOA-related documents, including financial account records on our board and homeowner portals. Board members and individual HOA residents will be able to review their account payment history, the community’s financials, and compliance reports. At City Property Management, we make HOA life quick and easy so that you can make payments and review your records when it is most convenient for you.
Online Bill Pay
We are proud to be a technology-driven HOA management company. Our online bill pay platform is the best in the industry and innovative. For example, you can also pay all your assessments on our mobile app. Our proprietary software makes it incredibly easy for individual HOA members to pay their dues in a timely manner. We remove all the hurdles that can sometimes result in dues going unpaid for weeks, months, or even longer. Homeowners will no longer have to worry about making long phone calls or remember to mail in payments.
We are committed to offering community needed services to associations in metro Phoenix and throughout Arizona, and we can work with your HOA to make our online bill pay platform work best for your community.
FDIC Insured Funds
The Federal Deposit Insurance Corporation (FDIC) is an independent U.S. government agency that offers insurance on deposits. At City Property Management, our team works by best practices for the industry and is knowledgeable of all FDIC guidelines. Above all else, our in-house accounting team is committed to protecting the safety of your community’s funds.
Get Help from Our Arizona HOA Services Team Today
City Property Management is proud to offer a full range of HOA management services, including in-house accounting. To get more information about what our Arizona-based team can do for you and your community, please contact us today. We provide homeowners association management services throughout Arizona, including in Phoenix, Tucson, Mesa, Chandler, Flagstaff, Scottsdale, Gilbert, and Tempe.
