What Are the Benefits of Virtual Accounting?
To put it simply, virtual accounting offers community associations the freedom and flexibility of being self-managed while having the security of professionally managed finances.
When it comes to self-managing a community association, there’s no doubt that it can be a difficult but rewarding task. Of all the responsibilities that come with managing a community association, the most daunting is the accounting and finances, without a doubt.
Why is this? While not usually complex, the association’s accounting can be intimidating for those without the proper background. There are terms and phrases that are unique to the industry. Also, nobody wants to be the one who made a financial mistake or mismanaged the association’s funds. The association can hire an employee to do the books, but that has many drawbacks, not the least of which is checks and balances.
Clark Simson Miller makes HOA accounting easier than ever. Simple forward all dues payments and invoices to our office. We will work with you to understand your unique needs and wants and develop a solution for you. This allows community leaders to spend their time and energy where it’s really needed. Each month, we provide clients with customized reports, detailing the financial health of their associations.
If your homeowner or condo association is looking for a solid accounting solution, contact Clark Simson Miller today. We’ll be glad to work out a custom solution for you.