Specializing in
Homeowner Association (HOA) & Condo Monthly Accounting
At Berel Accounting, we provide HOA accounting services tailored specifically for Homeowners Associations. We understand the unique responsibilities of HOAs.
We understand the unique financial dynamics and responsibilities that HOA boards face. With years of experience in association management, we’ve developed processes that keep your financials clear, compliant, and easy to understand—freeing your board to focus on the community rather than the books.
Since 2016 with Excellent Customer Service
Minimize Risk with Our Trusted HOA Accounting Services
Collect HOA Dues
As part of our HOA accounting services, we handle the monthly billing and collection of HOA dues to ensure consistent cash flow and accurate financial records for your association.
Payments to Vendors
As part of our HOA accounting services, we prepare payments to vendors and submit them for Board of Directors (BOD) approval, ensuring transparency and financial control.
Track A/R & A/P
We track accounts receivable and accounts payable to help your association maintain accurate financial oversight and ensure timely payments and collections as part of our HOA accounting services.
Reconciliations
We reconcile bank accounts, credit card accounts & loan accounts monthly.
Generate Reports
As part of our HOA accounting services, we generate the reports you need—such as the Balance Sheet, Income Statement, Aged Receivables, and Aged Payables—to give your board clear and timely financial insights.
Annual Budget
As part of our HOA accounting services, we prepare a detailed annual budget and provide a monthly “budget to actual” report to support informed financial decision-making for your association.
Annual Tax Filings
We prepare your annual tax filings accurately and on time as part of our HOA Accounting Services.
Payroll
As part of our comprehensive HOA Accounting Services, we can also prepare payroll if you need it.
1099 Documents
we prepare 1099 forms as needed to ensure your association remains compliant with IRS reporting requirements as part of our HOA Accounting Service.
Self-Managed HOAs and Condo Associations: Why Outsourcing Financial Functions Can Be a Game-Changer
Many homeowners associations (HOAs) and condo associations operate without the assistance of a professional property management company, choosing instead to manage day-to-day operations internally.
The Importance—and Difficulty—of Collecting HOA Fees
For any homeowners association (HOA), collecting dues from members isn’t just a procedural task—it’s the financial lifeblood that keeps the community running smoothly.
Ask About Our Proper Entity Classification
Let our cpa biloxi ms professionals at Berel Accounting help you when it comes to tax planning that is going to have an analysis of your proper entity classification. If you have not had any of these types of services before, then just know that this is going to be...