Accountability is a driving force in our accounting and work order management systems. Linking performance to costs makes the results easy to understand by the Board. Linking performance to costs also provides a solid benchmark for performance improvements. We work with the Board to track all expenses for the Association.
We prepare checks with accompanying documentation for Board approval and signature. The Board receives monthly check registers in their Board Meeting Packet.
The Accounts Payable process complements the work order process. To close out a work order, the Community Association Manager assigns all the appropriate costs to the correct general ledger account, which can be reviewed in your monthly financial reports of the Executive Board Meeting Packet.