As a small business owner, I know how hard it is and how hard it can be from the first day you open your business door and the excitement and fear that come with it, especially in community association management. As the great Warren Buffet said, accounting is the language of all businesses rather small or big and for profit or non for profit. If you started a community association management company and you have the skills to handle the accounting part of the contract, you are on good track to keep the current contract and growing your business.
Based on my experience in the industry, I can certainly conclude that board members will likely cancel a contract for inaccurate accounting than for inaccurate management. After 15 years of working for the two largest community association management companies in south Florida, I just created Apex Insurance and Accounting Group to help small management companies compete with big ones. Below are the services we have provided for small management companies for their clients and self-managed community association:
- Accounts payable
- Accounts receivable
- Financial statements
- Budget preparation
- Project Management
- Special Assessment management
- Project Management