Maintaining complete, accurate, and timely Association financials is a
cornerstone of JBC Property Management. We produce all the necessary financial
information your Association will need to make sound financial decisions.
Utilization of proven accounting software and internal processes ensures timely
delivery of accurate and thorough financial services and monthly reporting. To
see a sample financial statement,
Following is a list of financial reporting
services offered by JBC Property Management:
A record of all Association income, expenses, assets and
liabilities will be maintained utilizing the accrual method of accounting.
Utilize computerized payable system which includes
computer-printed Association checks.
Provide Association Board members, as
needed, a copy of the following each month:
Balance Sheet - list assets and
liabilities as of the end of the current period.
Income and Expense Statement (Profit and Loss) - list
income and expenses by account (which had been designated by Association)
showing the current month's activity, current month's budget, current
month's variance, year-to-date activity, year-to-date budget, year-to-date
variance and annual budget.
Delinquency report - reflecting individual charges on an
aged basis as well as what actions have been taken that month by JBC
Property Management on each delinquent account.
Cash Disbursement Journal - listing by all checks
Report from Association's attorney on their status of
every account they are performing collection actions upon.
Other financial reports available upon request.
Present year end financial statements.
Cooperate with the Association's independent Certified
Public Accountant in the annual, quarterly, or semi-annual audit, review, or
compilation by making all the records, books, and files available for
inspection and review. Review the resulting audit and make the CPA's
recommended adjustments to the Association's records.