Financial Management

Maintaining complete, accurate, and timely association financials is a cornerstone of Abaris Real Estate Management Inc. Each client is assigned an accountant and bookkeeper, under the direct supervision of an in-house CPA, to produce all the necessary financial information your association will need to make sound financial decisions. From handling accounts receivable and payable operations, to developing annual budgets, to overseeing reserve funding, Abaris Real Estate Management Inc. has the resources to protect and maintain the financial health of your association.

Key functions performed by our financial management teams include, but are not limited to:

Collecting association assessments and tracking delinquencies.
Tracking the disbursement of all association funds on a general ledger.
Producing monthly financial statements including a cash account balances report, balance sheet, statement of operating income and expense, statement of disbursements, schedule of accounts payable, and statement of journal entries.
Preparing an annual operating budget in coordination with the Board Treasurer and relevant budget or finance committees.
Developing and implementing a comprehensive replacement reserve funding strategy.
Developing specifications for contracted services, coordinating bids, negotiating with service providers, and supervising work performance.
Managing all cash and investment funds.
Contracting with an independent third party CPA to perform a full annual audit of all accounting and financial activities.