Financial Management Services

Accurate accounting and reporting for
HOAs and Condos with reliable financial oversight

The Importance of Association Financial Management

Strong financial management plays a central role in the stability of any homeowners association. Your board must track dues, manage budgets, maintain reserves, stay compliant with governing documents, and produce accurate reports. These responsibilities can be demanding, especially for self-managed communities.Professional financial management reduces risk, strengthens internal controls, and ensures your association operates with clear, reliable records. It also gives your board more time to focus on governance rather than day-to-day accounting tasks.

Our Association Financial Management Services

CWD Group offers tiered financial management solutions designed to match your community’s needs. We also attend your first board meeting at no cost to help establish a strong working relationship from the start.

Accounting Only Services

We understand that some Boards closely manage management costs, assume some of the management responsibilities, and enter an “Accounting Only” or “Reduced Services” agreement. CWD Group has developed an a la carte service model, allowing associations to bridge the gap cumbersome self-management and full-service management by a community association management company.

Accounting Only is designed to provide communities with the vital financial services they need to have complete and accurate financials, stay in compliance with governing documents and State and Local regulations, and provide for resale, escrow, and lender processing, and includes the following:

Collect assessments, manage delinquencies, and enforce payment compliance

Maintain bank accounts and complete financial recordkeeping

Process monthly disbursements and prepare financial statements

Maintain resale, escrow, and lender documentation files

Essentials+ (Accounting Only Plus More)

Essentials+ adds to Accounting Only, providing the basic services of a Community Manager, guidance for the Board, and the security of 24-7 response to emergencies. Essentials+ includes all the Accounting Only services, plus:

Maintain administrative records and ensure regulatory compliance

Facilitate testing, certifications, and corporate renewals

Prepare annual budget and coordinate financial reporting

Manage insurance placement, reserve study, tax return & audit

Coordinate meetings and provide 24/7 on-call support

A La Carte

Additional management services beyond those listed above are available at the appropriate hourly rate, and include:

Board counseling and policy development
Enforcement and task management
Routine on-site property maintenance services
Project and construction management
Engineering services

Full Service

Even under Accounting Only or Reduced Service agreements, “Full Service” remains a phone call away, allowing the Board to scale its management to meet the specific needs of the community. Need proposals for a new landscape contract? Need someone to follow up with a vendor? Need oversight for a small project, or major construction? If the Board or committee members don’t have the bandwidth, we can step up and perform these services for you on a time and material basis. Our Reduced Service agreement keeps these costs out of the monthly management fee, and under the control of the Board.

Additionally, we will volunteer to attend the first Board meeting at no cost to the Association, to help in the all-important step of developing our partnership and getting off on the right foot. Additional meetings are available on an hourly basis, or the Board may elect to ‘convert’ to a full-service agreement.

PROACTIVE MANAGEMENT. EXCEPTIONAL SERVICE.

An Accurate and Reliable Association Financial Management Company

CWD Group delivers dependable financial oversight backed by experienced accounting professionals, strong internal controls, and service options that adapt to your community’s needs. With decades of stable performance, advanced systems, and a commitment to accuracy, we provide the financial foundation to associations in Portland, Oregon, and Southern Washington.

Get started on association financial management services that will take your association to the next level. Contact us today at 503-488-2008 or reach out to us online!