Our skilled accounting team is responsible for providing the Accounts Payable/Receivable and General Ledger reporting found in your Board meetings and monthly packets. They provide each Board with clear and concise monthly financial information, which meets the requirements of governing documents and the American Institute of Certified Public Accountants. Financial stability and strength are at the core of a community’s success. Towne recognizes that accuracy is critical to good decision making. Another key aspect is the need for “user-friendly” reports that provide answers to questions quickly and concisely. Our Association Managers and accounting staff are dedicated to coaching Treasurers and Board members to help them fully understand the reports provided and why they are important to the association.
Towne has developed the checks and balance systems that meet or exceed rigid standards. Payment is only made if invoices are verified and signed by your Association Manager and as well as the Regional Vice President.
Our accounting services include:
- Accounts receivable
- Payment coupons
- Community member accounts
- Including delinquency reporting
- Ancillary Income accounts
- Accounts payable management
- Utilities payments
- Contractor/Vendor payment
- Maintain association bank accounts
- Operating account
- Reserve fund accounts
- Prepare financial reports and keep records
As an Accredited Management Organization®, Towne maintains the highest security measures and financial standards in guarding against manipulation or fraud by separating accounting, collections, and accounts payable functions.