What you can expect
At Berel Accounting, we provide accounting services for Homeowner Associations (HOAs) and Condo Associations. Our firm understands the unique financial dynamics and responsibilities that HOA boards face. We have developed processes that keep your financials compliant and easy to understand. This allows your board to focus on your community rather than the books.
Our accounting services include monthly billing and collection of dues, ensuring consistent cash flow while keeping homeowners informed and current. We track accounts receivable (A/R) and accounts payable (A/P) to ensure accuracy and transparency. We prepare payments to vendors in accordance with the board’s approval processes. We reconcile bank, credit card, and loan accounts monthly. This ensures your HOA’s financials are relevant and up to date.
Berel Accounting goes beyond routine bookkeeping. We create customized reports like the Balance Sheet, Income Statement, Aged Receivables, and Aged Payables. This gives your board a timely picture of the HOA’s financial health. We assist in annual budget preparation and deliver “budget to actual” reports monthly, or as needed. This makes it easy to monitor spending and plan strategically. We can also manage payroll services, prepare and file annual taxes, and 1099 reporting.
What sets us apart is our commitment to personal service and easy communication. We function as your financial partner, helping to ensure your association runs smoothly and responsibly. Let us bring clarity and professionalism to your HOA’s accounting so your board and homeowners can enjoy peace of mind.
Collect HOA Dues
We bill and collect HOA dues.
Payments to Vendors
We prepare payments to vendors for BOD Approval.
Track A/R & A/P
We track accounts receivable and accounts payable.
Reconciliations
We reconcile bank accounts, credit card accounts & loan accounts monthly.
Generate Reports
We generate reports that you require, such as the Balance Sheet, Income Statement, Aged Receivables, and Aged Payables.
Annual Budget
We prepare an annual budget and provide a “budget to actual” monthly report.
Annual Tax Filings
We prepare your annual tax filings.
Payroll
We can prepare payroll if you need it.
1099 Documents
We prepare 1099 forms as needed.
2026: The Pivotal Year for Professional HOA Financial Management
2026 is poised to be a landmark year for HOA financial management. Are your community's finances ready? From evolving Gulf Coast compliance mandates to the need for strategic oversight over mere bookkeeping, this pivotal year demands professional expertise. Discover how dedicated financial management can mitigate surprises, ensure compliance, and free your board to focus on what truly matters: your community. Read our latest insights on navigating HOA accounting in 2026. #HOAAccounting #FinancialManagement #CommunityLiving #2026Outlook #GulfCoastHOA
Is Your HOA Breaking the Law? Why Your Accounting Method Matters More Than You Think.
For most Homeowners Associations (HOAs), accrual basis accounting is the recommended and often legally required method as it provides a more accurate and comprehensive financial picture compared to cash basis accounting. While cash basis offers simplicity, accrual accounting aligns better with GAAP principles, presents a true reflection of assets, liabilities, and financial performance over time, and is essential for effective long-term financial planning and compliance.
Simplify Your HOA Finances: Expert Oversight for Seamless Management
Managing a Homeowners Association (HOA) or Condominium Association involves more than just community building; it demands rigorous financial oversight. For many board members, the sheer volume of tasks – from tracking every invoice to chasing overdue assessments – can feel like wrestling with an endless stream of numbers. This isn't just time-consuming; it diverts valuable energy from the community’s strategic goals and resident engagement.