Berel Accounting, LLC
Berel Accounting: Your Partner for HOA Financial Services
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.
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Berel Accounting, LLC
