Almost any property management firm can provide financial information from a wide variety of accounting software available today.
But it takes an experienced, professional organization to understand and present this information in a clear, understandable and useful way to those who need the information.
Westford takes pride in the accuracy of the information we compile and provide in our "plain language" approach to delivering financial reports.
From a financial perspective, it is important to understand the past, know what you are doing today, and effectively plan for the future.
Detailed and comprehensive operating and reserve budgeting is a trademark of our financial management services. Every property's budget is tailored individually since each complex is unique and must be treated accordingly.
Westford also has experience with special services district reporting and accounting requirements.
Independent accountants and auditors consistently remark that our record keeping is "impeccable," "outstanding," and "the best we've seen."
We will gladly provide references upon request.
Key Financial Services
Maintain separate, individual bank account(s)
Collect common charges, special assessments and other income
Provide delinquency notices and monthly delinquency report to the board
Coordinate with the association's attorney on collection matters
Bill receipt, verification and payment
Financial statement preparation using our state-of- the-art reporting systems
Preparation of a comprehensive annual budget, including narrative description of each line item
Assist with and/or initiate long range planning for the common elements, including reserve account planning
Coordinate the year-end tax filing with the accountant of your choice
Provide money management service
For more information Contact Westford