Financial Management Services
The financial management services offered by Paradise Properties are thorough and complete. The accounting staff uses a computerized property management system which is enhanced by our own custom programming. Accounting services include:
Budgeting- Prepare annual operating budget for Association
- Illustrate recurring receipts and disbursements
- Compare actual income with expenditures
- Compare actuals to prior periods
- Prepare coupon assessment books
- Collect all assessments
- Prepare past due notifications
- Collect late fees
- Lien filings
- Aged accounts receivable reports
- Timely processing of accounts payable with requires approved limits
- File invoice by vendor
- Obtain discounts when available
- Prepare disbursement journal
- Accounts payable listing
- Collection of signed W-4 from each employee
- Collect time cards and calculate hours worked
- Produce payroll journal showing gross pay, deductions and net pay by employee
- Print payroll checks
- Prepare necessary governmental agency payroll forms
- Deposit appropriate withholdings
- Print W-2’s and distribute
- Balance sheet
- Profit and loss
- General ledger
- Comparison of budget to actual
- Disbursement listing
- Accounts receivable listing
- Year-end audit
- Tax returns
- Special projects