Accounting & Financial

Accounting & Financial

Our top priority at Lynx Property Services is to ensure the financial strength and stability of your community. Obtaining this stability and understanding your community’s financial state are both equally vital and critical to your community’s overall success. Lynx offers the financial management experience that helps to build both the short and long term value for your community. The strength of the association’s financial state is our top priority. We have consistently maintained a high security process with measures that provide the most secure financial standards.

Lynx Accounting and Financial Management Services:

  • Customized financial services tailored to each community’s needs including a complete financial reporting package customized for your association
  • Full account reconciliation and management including monthly bank statements of checking, savings, money market accounts, etc. and reconciliation to the Board
  • Comprehensive financial reporting, including general ledgers, accounts payable, income statements, balance sheets, projections, etc.
  • Preparation of annual budget to be approved by Board and distributed to homeowners
  • Establish and maintain reserve accounts
  • Check preparation and distribution
  • Invoice management, including recording and coding
  • Entry and processing of accounts payable including payment of all bills approved by Board from association funds
  • Association assessments, billing and collection services including detailed owner payment and delinquency record on a monthly basis
  • Delinquency and violation notice management and distribution
  • Dedicated collections department to work on all delinquent accounts and coordinate with the community’s attorney
  • Timely preparation of reports and forms for governmental agencies including employer tax forms and 1099’s
  • Assisting of auditor chosen by the association for tax and audit preparation
  • Secure electronic funds management and internal controls to protect association funds
  • Escrow account oversight and management
  • Investment funds and monitoring of rollover dates