UGG Boots Clearance Livraison Gratuite GUCCI HANDBAGS CLEARANCE sac louis vuitton authentic jordan retro 11 for sale nike air max thea shoes nike air max thea pink Cheap Nike WMNS Air Max Thea buy nike air max thea pink nike wmns flyknit lunar1 nike flyknits cheap cheap women new balance shoes leBron James 11 cheap leBron James 11 christmas cheap leBron James 11 elite leBron James 11 graffiti womens nike free flyknit Nike Air Max Shoes Cheap Kevin Durant Shoes cheap beats Louboutin Shoes For Sale Cheap Soccer Cleats 2014 Jeremy Scott Adidas 2014 Nike Free 2014 Air Jordans For Sale Moncler Outlet Sale Authentic Air Jordans Shoes LeBron James 11 ALL STAR ADIDAS ZX 500 OG WEAVE Adidas Springblade Price Men Air Max 2015 Sales Cheap Nike air max Thea Nike Flyknit Air Max Fresh cheap moncler jackets Parka moncler outlet online moncler jackets for men Timberland US Wholesale Brand Clothing chinese motorcycle parts Nike Air Max 2015 Homme Chaussure Nike Air Max Flyknit Chaussure Nike Air Max Thea Nike Free Run 5.0 V2 Scarpe donna Scarpe da corsa Rosa Scarpe Uomo Nike Air Max Thea Max Flyknit Scarpe Outlet Wholesale nike air max Cheap Nike Air Max 90 Online Nike Air Max 2015 Infrared
Financial Services for Community Property Management
Are you a Homeowner?

"Make us your First Choice"                                                                                    561-999-4349

Accounting and Financial Services
« Return to Home


Accounting is an important aspect of property management. Our accounting team has many years of experience dealing specifically with the financial issues of homeowners and condominium associations.

Our state of the art computer system enables First Choice Property Management Group to provide real time access for approved Directors to the Association’s financials. We perform all of the accounting services in-house, which results in a high degree of accuracy and up to date information for our clients.

Our Accounting Department can help Associations with the Following:
  • Bank Reconciliation & Check Registers
  • Fee Collection Reports & Delinquencies
  • Filing of Official Records, Reports and Documents
  • Monthly Balance Sheets and Income Statements Including Variance to Budget
  • Monthly Supporting Financial Records
  • Budget Preparation and Disbursement
  • Prepare and Issue Maintenance Coupons
  • Owner Account Reports
  • Reserve Fund Investments

Financial Services
  • Establish the operating bank accounts of the Association in the name of the Association. The reserve bank accounts can remain with the current banking institution.
  • Set up the billing and collection system for the maintenance on an annual basis and any special assessments when needed.
  • Prepare a detailed set of account records which are accessible for review by the Board of Directors. All accounting records must be in compliance with generally accepted accounting principles.
  • Prepare a monthly financial statement by the 15th of each month including a balance sheet and income statement including variance to budget, check register and prepaid report.
  • Review the financial position of the Association on a monthly basis including the current budget and make recommendations to the Board of Directors
  • Review the accounts receivable and payable of the Association and make recommendations for any immediate action needed
  • Pay all bills and any other financial obligations of the Association on a weekly basis with a procedure and specifications approved by the Board of Directors
  • Receive and deposit all funds payable to the Association in the Association’s account on a daily basis
  • Set up and enforce an approved policy for collecting delinquent accounts and issue appropriate letters
  • Forward delinquent accounts to attorneys as authorized and maintain payment histories and records
  • Prepare a proposed annual budget for the review of the Board of Directors
  • Recommend to the Board of Directors an amount to be set aside as a reserve for replacement based on a reserve study for the various components e.g. roof, painting, paving.
  • Provide assistance in the investment of reserve funds to maximize earnings
  • Preparation of annual compilation and tax return
  • Maintain payroll and issue W2’s and 1099’s
  • Prepare the annual coupons and distribute to each owner