Take The Stress Out Of Choosing Your Association CPA

Whether your association board works with a professional manager or self-manages the association, it’s likely that the board will still need the services of other professionals like a Certified Public Accountant (CPA). The right CPA will partner with the board and provide invaluable resources.

Working With Professional Partners: The CPA

Great Property Management Services

An accountant is a vital part of your association’s professional team.

Success requires that you know what the accountant does, how you can benefit from the accountant’s capabilities, and what you want and need. As you develop a long-term relationship with your accountant, your community will benefit from his or her advice, industry expertise, and wisdom.

A staff member or volunteer may take care of the bookkeeping for the association, but a CPA will be needed to conduct an audit at the end of the year. In addition, accountants provide other services that make them a valuable partner for the association.

What to Expect From Your Association’s CPA

What Accountants Do for Community Associations

Accountants provide written reports to the association.

  • Audits and transition audits
  • Reviews
  • Compilations
  • Budgets
  • Expert testimony and litigation support
  • Reserve studies
  • Tax returns
  • Performance reports

Accountants provide services to the association.

  • Develop accounting policies and procedures
  • Create the Accounting Policies and Procedures manual
  • Design and implement systems for internal control
  • Formulate investment policies
  • Evaluate, select, and install accounting software
  • Train bookkeepers and other accounting staff
  • Prepare monthly or quarterly financial statements
  • Make recommendations for interviewing and hiring an accounting staff

Accountants consult and advise the association.

  • Educate and train board or committee members on technical matters
  • Make presentations at meetings
  • Evaluate and explain the work of other professionals such as engineers
  • Evaluate and advise on replacement funding strategies
  • Advise on budgets and long-term financial plans
  • Assist in obtaining financing
  • Provide business and financial advice

Rinaldo Acri-CEO Acri Commercial Realty“Our mission is to help your community not only succeed but to achieve success with a minimum amount of anxiety and angst. If you can’t find what you need, call us and we’ll be happy to help you.”

A professional CPA is a step in the right direction to aid in the smooth operation of your community. Join the Acri Newsletter service and learn more about how Acri can assist you with professional partners. Acri knows who to use and when to deploy qualified service providers in a timely yet economically feasible manner.

Disclaimer: This content including advice provides generic information only. It is in no way a substitute for qualified legal opinion. Always consult a specialist or your own attorney for more information. Acri Community Realty does not claim responsibility for this information.
Acri Community RealtyAbout Acri Community Realty: Acri Community Realty, located in the Greater Pittsburgh Area, specializes in custom HOA and Condo property management solutions, scaled to fit your needs.

Acri is known for the great care and pride in the work done to protect and enhance the value of your investment. They have the privilege of managing a diverse portfolio of properties while caring for each and every home like it is their own.

If you’ve had any issues with your HOA or Condo that you’d like Acri to try and delve into, and possibly write about later contact us via our website at ⇒ Acri Community Realty. We are interested to hear about your experiences and how an association has helped or hurt.

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