This is where it all starts, because without the income from assessments your association cannot function. Valencia Management Group is capable of handling your every accounting need. Processing of assessment payments can be handled in a number of ways, including scanning via MICR check encoding for accurate posting, ACH Auto Debiting, or bank lock box services which can expedite processing.

Security is key in accounting, and our accounting department is under the direction of a Certified Public Accountant. We have a distinct separation of duties, insuring that the person that posts your payments is not the same person that produces the financial statements. In addition, Association checks are produced from blank check stock to insure that your checks are never misappropriated.

You will receive the most comprehensive financial statement in the industry, produced on an accrual basis by a CPA. A review of this statement at every Board meeting affords the Board the ability to make accurate fiscal decisions and comply with state laws.

Our complete accounting services include:

• Assessment Billing
• Accounts Receivable Processing (bi-monthly)
• Late Notices
• Co-ordination of collections efforts with Association retained legal counsel or collection agency
• Escrow Services
• Maintain Financial Records
• Accounts Payable Processing
• Prepare a monthly Financial Report on an accrual basis including:
  - Balance Sheet
  - Revenue & Expense Statement / actual and budget
  - Changes in Fund Balance
  - Statement of Cash Flows
  - Reserve Account Activity
  - Bank reconciliation with bank statements as required by California Civil
    Code 1365.5
  - Assessment Aging
• Budget Preparation and Recommendations
• Assist with annual review and/or audit and tax preparation
• Assist in selection of firm and preparation of Reserve Study
• Handling Homeowner Account Inquiries