Under the guidance and direction of Chief Financial Officer, Bruce Grant, we provide accurate, easily readable and timely financial reports. Sample financial reports are available upon request.The dictionary defines accurate as “free from error or defect; consistent with a standard, rule, or model; precise; exact.” We follow this definition. The chief complaints we receive from prospective clients are:
The major complaint of most Boards is financial administration, reporting, timeliness and lack GAAP standards. Atlanta property management companies generally produce cash basis financial reports or some modified cash basis report. Most astute treasurers understand the inherent lack of completeness and clarity these reports provide. Without benefit of accounts payable, accounts receivable, pre-pays and deferred liabilities the report is not substantially a GAAP (Generally Accepted Accounting Principles) document. Cash basis financial reports can be easier for some to read, but the content lacks sufficient information to make informed financial decisions. Community One Associates recommends producing only accrual basis financial reports. The value of this superior financial report is that it represents the entire financial picture. Financial decisions cannot be made in a vacuum. Better planning, budgeting and reserve funding results when the whole financial picture is known. And if requested, we carefully manage your investments, ever mindful of your cash flow needs. Your community does not have to operate in a financial vacuum. Accurate and timely financials are the standard of practice in our company. A sample financial report is available upon request. For more information about our capabilities, please contact Steve Weibel or Lisa Simmons at (678) 551-7553 or (678) 551-7556. |
Finance
