Specializing in
HOA & Condo Monthly Accounting — Mississippi, Alabama, Louisiana & Florida
Since 2016, Berel Accounting and Berel CPA have assisted HOAs and Condo Associations with their HOA accounting, condo accounting, and tax needs. We understand the unique financial dynamics and responsibilities that association boards face. With years of experience in management, we’ve developed HOA accounting and condo accounting processes that keep your financials clear, compliant, and easy to understand.
Since 2016 with Excellent Customer Service
Minimize Risk with Our Trusted HOA Accounting Services
Payments to Vendors
As part of our HOA accounting and condo accounting services, we prepare payments to vendors and submit them for Board of Directors (BOD) approval, ensuring transparency and financial control for your community.
Track A/R & A/P
We track accounts receivable and accounts payable to help your community maintain accurate financial oversight. Our HOA accounting and condo accounting services ensure timely payments and collections, providing boards with the data they need for sound fiscal management.
Reconciliations
As part of our HOA accounting and condo accounting services, our certified accounting professionals perform monthly reconciliations for all critical financial instruments, including business bank accounts and credit cards. This rigorous process identifies discrepancies and guarantees audit-readiness for your association.
Collect Association Dues & Assessments
Our comprehensive HOA accounting and condo accounting services manage all owner assessments and vendor payments. We process, verify, and reconcile invoices to ensure robust fiscal governance and stringent budgetary control for your association.
Generate Reports
As part of our HOA accounting and condo accounting services, we generate the professional reports you need—such as the Balance Sheet, Income Statement, and Aged Receivables—to give your board clear, timely, and actionable financial insights.
Annual Budget
Our specialized HOA accounting and condo accounting services prepare a comprehensive, GAAP-compliant annual operating budget, followed by transparent monthly ‘budget vs. actual’ financial statements. This rigorous approach provides your association board with precise financial intelligence for long-term health.
Payroll
As a specialized component of our comprehensive HOA accounting and condo accounting services, we provide expert payroll management. This includes processing wages, tax withholdings, and timely submission of all federal and state filings, simplifying your association’s administration.
Annual Tax Filings
Our dedicated team specializes in HOA accounting and condo accounting to ensure the precise and timely preparation of all annual federal and state tax filings. We expertly handle complex forms like IRS Form 1120-H, guaranteeing full compliance and peace of mind for your community.
1099 Documents
As part of our comprehensive HOA accounting and condo accounting services, we meticulously prepare and file all essential IRS Form 1099 documents for your vendors. This proactive service ensures your association achieves complete compliance and minimizes potential IRS audit risks.
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.