As volunteers, HOA board members are not always able to sufficiently manage their responsibilities, either because of a lack of expertise or due to time constraints. Effective financial planning, for example, is vital to every association’s success but is often the most challenging work for the board of directors to manage. If your board has limited financial experience and expertise, consider outsourcing your association’s finances to a qualified contractor, such as Crummack Huseby.
Even if your HOA is currently self-managed, outsourcing your association’s finances is a smart move that can pay off big time. Outsourced financial professionals offer a high level of experience, expertise, and value. Here are some ways outsourcing your finances with Crummack Huseby Financial Services can benefit your association.
Our financial professionals are field-tested and have worked with a variety of clients, including community associations. They are ready to leverage their experience and expertise to help your association’s board of directors achieve the level of financial health it needs. Just as importantly, they have the necessary flexibility to respond to issues as they arise and mitigate potential setbacks.
With over 30 years of industry experience, we have the tools and the knowledge to help board members make smart financial decisions for their community. Our accounting professionals provide in-depth financial analysis and financial health forecasting by developing reliable short-term and long-term budgeting strategies. Leveraging our wealth of experience, we can contribute to your association’s success by managing the following tasks:
● Assessment Collections
● ACH Online Payments
● Accounts Payables
● Detailed Financial Reports with Analysis
● Operating and Reserve Funds Planning
We have the latest tools and accounting technologies that allow us to solve complex problems quickly and easily. Additionally, we use available online resources such as the ACH online payment, with auto-debit payment and credit card payment options available. Online resources allow community members easier methods of payment and communication, which saves your association both money and time.
Your community association likely does not have the resources to access the latest accounting technology and online tools on their own, so partnering with a reputable financial management company like Crummack Huseby will help your association in more ways than one. To learn more about how we can use technology to improve the efficiency of your association, contact us today!
Crummack Huseby Financial Services is different from other HOA management companies. Our job is to manage the finances of your association while giving your board of directors the option to remain self-managed. Plus, we customize a management plan that works for your financial needs.
Whether you require basic bookkeeping, reserve planning, assessment collection, or more, we have the flexibility to meet your unique needs. Plus, we come at a much lower cost than hiring a full-time equivalent, because we are efficient and don’t overcharge for services you do not need.
CH Financial Services does more than basic bookkeeping—we strengthen self-managed communities through strategic financial planning. Using our more than 30 years of industry experience, we assist your association with short-term and long-term financial planning, assessment collections, banking activities, and more. With our robust industry experience and knowledge, you can trust us with all of your budgeting needs. Contact us online today or visit our website to learn more about how we can strengthen your association’s finances.