Shepherd HOA recognizes the importance of accurate and consistent financial reporting for board members to feel confident in their association's financial health. We handle all aspects of accounting and financial reporting, ensuring transparent and reliable management of your community's finances.

Our internal controls are designed to safeguard association funds, aligning with the interests of HOA board members. We meticulously code invoices to the correct accounts, process these invoices, and schedule check runs daily to prevent any service interruptions or vendor delays.

Financial statements are promptly delivered via email at each month's end, following the completion of our recording process. Upon request, we can include full or partial financial reports in the directors' reports.

We assist your HOA Board of Directors by delivering draft budgets well before approval deadlines, providing sufficient time to assess cost control measures, spending limits, and planning for future projects. Our accounting team also supports the provision of records for the association's annual independent financial audits.

As interest rates fluctuate, we keep board members informed, offering recommendations on low-risk investment strategies for reserve funds. Additionally, Shepherd HOA provides financial training for board members, including guidance on interpreting financial statements.

HOA Management, Billing, and Assessment Collection Shepherd HOA offers premier accounting services tailored to meet the unique needs of your community. Timely collection of assessments is vital for the financial stability of any community association. To facilitate this, we've introduced a variety of services aimed at optimizing the collection process. Our assessment solution system allows homeowners to make payments via Automatic Clearing House (ACH), our website for online payments, and credit card payments, ensuring the community's assessments are collected efficiently. For added convenience, homeowners don't need a username, password, or account number to pay their assessments online.

We implement the association’s assessment and collection policy as directed by the board, including lien processing and foreclosure initiation if necessary. Our monthly management report for Board of Director meetings features a collection status and delinquency aging report.

Our commitment to effective HOA accounting and collections services is unwavering. We're here to ensure your community benefits from enhanced financial health and stability. Contact Shepherd HOA at (801) 872-4048 or info@shepherdhoa.com for exceptional financial management tailored to Utah's diverse and unique culture.