The financial stability of the Association is vital and Robert Wise Management oversees all facets of the accounting process including accounts receivable and payable, general ledger, bank reconciliation, budget preparation, etc.

Services Include...

• Send monthly association fee invoices or annual coupons to unit owners which will include:
  • Maintenance Charges
  • Late Fees
  • Legal Fees
  • Utility Charges
  • Other related charges
• Institute a late fee policy and notify delinquent owners within the time frame prescribed by the Governing Documents; provide the Board with periodic listings of delinquent accounts, and take action deemed appropriate upon direction from the Board.
• Deposit all funds collected on behalf of the Association into a segregated bank account in the name of the Association.
• Payment of all approved invoices to creditors
• Provide the Board with a monthly financial statement showing receipts and disbursements for the month, comparing the monthly and year-to-date activity to budgets for those periods.
• Prepare annual budget
• Cooperation with the independent auditors in regard to an annual certified audit.
• Assist in the preparation and distribution of bi-weekly payroll to employees; payment of all related taxes; and preparation of all weekly, quarterly and annual federal, state and city payroll tax returns.
• Provide fidelity bond coverage in addition to "Managers" liability insurance.