Financial Services

Using state of the art computers and accounting software programs Desert Management provides full financial services within its local operation. We provide the following services to assure accurate financial management of the associations fiscal responsibilities:

  • Prepare and mail to each homeowner a coupon booklet

  • Collect and deposit funds into client individual bank accounts

  • Disburse funds in accordance with approved budgets, policies and procedures

  • Maintain accounts using approved standard accounting principles

  • Financial reports, as well as homeowner account status reports, are prepared monthly

  • Assist in the preparation of annual operating budgets with consideration for normal expenses and replacement reserves

  • Process delinquencies and collections through necessary means including legal requirements

  • Assist with any professional audit, review or compilation of the association’s records

  • Cooperate with the association’s tax preparer in annual tax preparation

  • Audit all contracts, statements and invoices for accuracy and legitimacy

Accounting Services

Desert Management utilizes a full-charge, double entry, computerized accounting system providing the following reports, journals, and analysis:

  • Detailed General Ledger

  • Variable Monthly and Annual Budgeting

  • Trial Balance

  • Cash Disbursement and Purchase Journals

  • Monthly and Annual Balance Sheets

  • Accounts Receivable Analysis

  • Comparative Income Statements

  • Flexible Chart of Accounts

  • Adjusting and Recurring Journal Entries

  • Automatic Statement Generation

  • Reserve Account Status

  • Bank Statement Reconciliation