Full-service management is not a good fit for every association. Although most associations could benefit from full-service management, Trestle understands that many associations are cost constrained or simply prefer to do some of the management themselves.
For these associations, we offer our flat-rate association financial management service. This service is offered in all of Washington State.
Included Services
Prepare financial statements
- Balance Sheet
- Income Statement (Profit & Loss)
Other Standard Reports
- Check register or disbursement report
- Bank reconciliation report
- Invoice listing
- Invoice images
- Aged receivables report
- Aged payables report
Accounts Receivable
- Setup assessments in accounting system
- Prepare and mail billing statements
- Prepare and mail late notices
- Receive, post and deposit owner payments
- ACH payments
- Account inquiries from owners
Accounts Payable
- On-line Director approval of invoices (2 Directors included)
- Pay all bills approved by Board
- Resolve invoice errors
Banking
- Reconcile bank accounts
- Fund transfers to replacement reserve account per approved budget
- Deposit miscellaneous funds (refunds, rent, etc.)
- Federal income tax deposits
Miscellaneous
- 15 minutes per month of board questions
- Incidental copies, envelopes and postage related to included services
- Storage of current year and prior year paper records
Standard Options
- Budget preparation
- Annual audit and tax return coordination
- Reserve study coordination
- Resale disclosures
Excluded Services
- Collection of delinquent accounts beyond standard late notices
- Setup and administration of special assessments
- Board meeting preparation and attendance
- Board consultation beyond the included 15 minutes
- Payroll
- Bulk mailings to owners
- Storage of association records other than the current and prior year
- Requests from owners for association records
- Site management
- Governance: For example, rules violation and architectural control
- Vendor management
- Insurance administration
- Any service or supply not specifically listed as an included service