What you can expect
You can always reach someone in our office. If we cannot answer your question immediately, we will return your call as soon as possible.
We will keep your books updated throughout the year. We will provide an annual tax projection for all monthly clients and inform them of any anticipated change in taxes.
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.
We offer specialized accounting services on a case-by-case basis. Here are a few examples:
Berel Accounting offers accounting services for Condo/Homeowners’ associations. Below is a list of the services we can provide:
- Set up automatic monthly billing of HOA dues.
- Set up special assessment billing.
- Allow payments from owners online.
- Receive payments at our office.
- Manually post any payments received via check to owner accounts timely.
- Deposit dues checks at your bank.
- Track Accounts Receivable (A/R)
- Prepare payments to your vendors as required.
- Reconcile bank accounts monthly.
- Generate reports that you require (A/R Aging report, Balance Sheet, and P&L)
- Prepare annual budget and provide a “budget to actual” monthly report.
- Prepare annual tax filings.
Our goal is to assist the Board so you can deal with actual issues that need to be addressed at the condo instead of dealing with the accounting issues.
Berel Accounting offers Percentage of Completion Reports for Construction Companies so they can evaluate performance during the project. It is not uncommon to receive a large deposit on a construction job up front. These reports help owners and managers understand the actual revenue earned from a job.
How to get started
For monthly accounting services, schedule your free 30-minute consultation. We will review your needs and determine a course of action to accomplish them. Depending on the size of the business and the services needed, it may take us a few months to determine a fixed monthly price for the services provided.
For New tax clients, schedule a consultation. Our charge for the consultation ($150 per hour) will be deducted from the tax services invoice. We will need the following information:
- New client form completed.
- At least one prior year tax return
For returning tax clients, you may drop off your information. Please let us know if you have moved or have changed your contact information.
The Importance—and Difficulty—of Collecting HOA Fees
For any homeowners association (HOA), collecting dues from members isn’t just a procedural task—it’s the financial lifeblood that keeps the community running smoothly.
Ask About Our Proper Entity Classification
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When you get started with our cpa biloxi ms company Berel Accounting, we know that you are going to love everything that we can do. We have monthly accounting services that are going to provide for you and we’re going to schedule a 30-minute consultation with you....