Alliance HOA provides a complete financial management from all aspect of the accounting cycle. The financial reports are created with care and represent a story from beginning to end. We take the time to explain all numbers and make sure the reports are easily readable by all members. We not only stop at providing the minimal reports needed but provide extra reports to help engage decisions throughout the year.

Financial Report

  • Prepare Financial Report for submission to Board on a monthly and yearly basis

    • Income and expense statement

    • Balance Sheet

    • General ledger AR/AP

    • Past due accounts

  • Budget – An annual budget will be prepared and presented to allow the Board and homeowners to review and discuss.


Accounts Receivable

  • Provide direct deposit access to all residents. Coupon books and ACH are also available

  • Initiate collection proceedings as required, including letters and late fees.

  • Collect special assessments.

  • Maintain individual unit owner payment records.


Accounts Payable

  • Issue checks for payment – maintaining timely payment schedule. Code invoices to general ledger accounts for proper budget control and auditing.

  • Maintain check register.

  • Track invoices for all contractual obligations on a timely basis – no late fee policy!

  • Maintain credibility of Association with all suppliers.

  • Maintain detailed records – including filing of paid invoices.


Past Due Accounts and Collections

  • Send statements of accounts to all delinquent owners.

  • Provide Board with list of past due accounts.

  • Follow through on collection procedures.

  • Legal liaison – assist with liens, foreclosure procedures at Board’s direction.



  • Provide information to auditors in performing audits.

  • Prepare information relating to year end closing of books in preparation for annual tax filings.


Bank Accounts

  • Maintain checking, savings and other banking accounts on behalf of association

  • Utilize association funds to maximum earnings on all accounts in respect to associations needs.


The Alliance Advantage

We will go above and beyond your expectations when it comes to the financial aspect. We provide extra unique set of reports to help in understanding your finances. Our information will be available real time and up to minute. Contact us and let us show you how our reports compare.

Our Services
HOA Management
Co-Op Management
Commercial Management
Real Estate
Preferred Vendors
About Us
We are a full service to DIY property management professionals with many years of experience, we believe you will find our Alliance Advantage unmatched in our industry.
Contact Us
14591 Grande Avenue
Suite #201
Burnsville, MN 55306
(952) 564-5535
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