Under the guidance and direction of Peter Coblentz, VP of Accounting & Opperations, we provide accurate, easily understood 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 to the letter. We provide:
- Accurate financial reports delivered on a consistent schedule
- Reports that reflect the entire financial picture
- Efficient and time-accurate billing and payment processes
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. 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.
Most 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 document. (Generally Accepted Accounting Principles). Cash basis financial reports can be easier for some to read, but the content lacks sufficient information to make informed financial decisions.
Contact Us today. We look forward to serving all of your property management needs.
