small condominium association bookkeeping services in fort lauderdale

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What is the difference between accounting and bookkeeping?

Bookkeeping focuses on recording and organizing financial data. Accounting is the interpretation and presentation of that data to business owners and investors.

I am pleased to inform you that to meet the requirements of the Statute we are expanding our services to provide monitored secured web-site documentation reporting portals. We will be utilizing our own proprietary software custom written for direct compliance. Web access will be through authenticated passwords and accessible only to the units owner and employees of the association. bookkeeping services fort lauderdale These services can be tailored to accommodate the associations’ specific needs. In preparation of offering this service we have not only designed our own software, but have also enhanced our overall system to allow for the increased traffic to these portal sites. In addition, Kim Juda has been certified by the AICPA in the System and Organization Controls (SOC) for Cybersecurity.

Customer Service

For the past 15 years Allied Property Management Group has been serving condominiums, co-ops, and HOAs in the South Florida market. The company is continually on the cutting edge of introducing new industry-leading technology and providing a transparent experience for both boards and homeowners. It also offers access to time saving and convenient online tools and account information. AlliedPMG is a full-service property management company providing portfolio as well as on-site managers, full bookkeeping services, technology solutions, maintenance staff, and all compliance and administrative functions. Compilation is the most basic form of assurance we provide.

Another benefit of taking the Section 528 election and filing Form 1120-H is the return’s simplicity, as it is a simple, one-page form that does not require a balance sheet. In addition, quarterly tax estimates are not required for Form 1120-H. A key benefit of making this election is that exempt function income is not subject to tax. Exempt function income includes membership dues, fees or assessments from the owners of the condominium units, owners of real property, and the owners of timeshare interests. Payments from non-members and interest on amounts in a sinking fund are not included.

Properly Managing Association Records

Will supervise and direct association staff members. Will coordinate with accounting to develop budgets and timely financial reports. For a homeowners association in the Southwest Ocala area, 2 years of experience preferred.

Will ensure the entire community is organized and operated in accordance with the association’s governing documents. For a homeowners association in Boynton Beach, 20 hours per week. Must be action oriented and have at least 3 years of CAM experience. Good landscaping knowledge and experience required. Will be responsible for the overall management and oversight of the operations, maintenance and administration of the association including the physical plant, common elements and amenities of the community. Must have at least 5 years of CAM experience and be familiar with the Florida statutes for condominium operations.