Our condominium management accounting and financial team can help you record and understand your cash flow, working capital, and capital budgeting requirements. We’ll help ensure your financial reporting isn’t a headache, and properly maintain and update all corporation finances in real-time. Additionally, we’ll help with billing and collections of common element fees and assessments.
We’re a full-service financial partner for your condo board. We offer flat-rate banking and competitive interest rates for both operating and reserve accounts. We’ll provide insight into your debt and equity, ensuring you have the most up-to-date financial information on hand at all times.
Budget Analysis & Preparation
A critical part of condominium management is providing clear, straightforward budget information to your stakeholders. We provide detailed annual budget packages delivered to all homeowners in your community. We’ll help you put together a detailed management calendar to help prepare your annual budget. We’ll also point out any potential areas for improvement and help you communicate any necessary updates with your building’s unit owners and residents.
Many years of experience in the condominium management industry have taught us that just about anything can happen at any time. That’s why we protect your community with a $6 million fidelity bond, the industry’s highest level of protection. Whatever your building throws at you, you’ll be glad to be protected.
A condominium is a major investment. We treat it that way. We coordinate with multiple industry-expert investment advisors to ensure that your investment plan meets your condo community’s goals and that your investment fund is being actively monitored.
Monthly Financial Reports
A good plan for the financial management of a condominium manager should always include monthly reporting. With Wilson Blanchard, you’ll get detailed financial statements completed and ready for delivery by the 10th business day of each month.
Pre-authorized debit payment for monthly condo fees is available to all our clients. This helps to automate your cash flow and improves your ability to make financial projections while making payments easier for both owners and tenants. We also offer services to manage your accounts payable and receivable, ensuring that your transactions are consistently reflective of your corporation’s financial health.
We help set up an in-house automated payroll system in place to ensure employee payroll is completed on time and records are accurately recorded. Automating payroll creates efficiencies for your condominium management and keeps your employees happy – a sure way to maintain the quality of life you strive to achieve for your residents.