Accounting & Financial Reporting

At Blackstone Management, we know that a lot of work goes into managing successful associations. That’s why we put our expertise, knowledge and resources to work for you every day.

When you engage Blackstone Management for financial services, you also get access to our award-winning technology, this will help your board of directors not only have transparency to homeowners it will allow your board to be more organized to complete more tasks on time and more efficiently. This custom design software also allows homeowners to submit requests through our website or our customizable smartphone Blackstone Management app. For more service is included in this package please see the below.

• • Complete financial reporting package customized for your association
  • Detailed owner payment and delinquency record on a monthly basis
  • Internal controls to protect association funds
  • Payment of all bills approved by Board from association funds
  • Monthly bank statements and reconciliation to the Board
  • Billings sent to homeowners, including regular assessments, late fees, special assessments and collection fees
  • Preparation of annual budget to be approved by Board and distributed to homeowners
  • Assist auditor chosen by the association for tax and audit preparation
  • Timely preparation of reports and forms for governmental agencies including employer tax forms and 1099’s
  • Establish and maintain reserve accounts
  • Trained collection department to work on all delinquent accounts and coordinate with the Board and association’s attorney
  • Association keeps their late fees – Management does not keep these as Additional Income.

  Helping associations maintain complete, accurate and timely financial information is a key component of our service.

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