Finance and Accounting
With accounting staff comprised of decades of experience and a support team that is second to none, our client’s finances are proficiently managed by best the industry has to offer.
What Sets Us Apart
- Transparency of Reporting
- Accurate and Detailed Statements
- Timely Financial Reporting
- Cash Flow Management
- Investment Services
- Collections Management
- Online payment options
- Web-based A/P Access
- No Bank Fees To Association
The timely, accurate, and clear financial picture provided by Guardian has been invaluable to the Board, because it enables us to assess the financial position of the association and make logical and well reasoned financial decisions.
Case Study: Finance & Accounting
Background: Prior to taking over management of a large homeowners association (HOA) in north Texas, the incumbent management company has been sitting idle for some time and not exercising care in the upkeep of the community.
Challenge: The primary challenge was to restore the financial health of the HOA. Upon taking over management, the association had over $188,000 in outstanding dues and over $115,000 in unpaid invoices to vendors. Furthermore, the operating and reserve accounts were not at the level they needed to be at in order to support long-term financial security.
Action and Outcome: We implemented a collection policy and consistently followed it in order to reduce the amount of outstanding dues. We proactively made several changes in their overall operation by securing the best vendors and better contracts in order to deliver a lower cost with same or higher level of service. We also assisted the board in creating a financial plan to meet their short-term and long-term goals. Over the course of two years, we managed to decrease their outstanding debt by 66% and payables by over 90%, while increasing their operating account balance by 300% and reserve balance by 200%. The community has never looked better and they are in better financial condition than ever before.