Our Accounting Offering
In the hectic world of association management, it can be difficult to devote the time, focus and manpower needed to the detailed work of accounting. Trying to strike that perfect match between association management and money management is a growing challenge in the industry. CINC Accounting is the solution. By allowing us to handle the accounting functions in your office, you will see significant changes in your office workload, freeing your staff to answer homeowner inquiries and to concentrate on more management-intensive tasks.
Bringing you Accounting Services by highly trained professionals, CINC Accounting can relieve your staff of the tedious day-to-day accounting operations including all receivables, payables and the generation of notices. At month’s end, CINC Accounting is there for you once again bringing reconciliations and full financial statements. Best of all, because everything is done on CINC systems software, you will be able to log in anytime from anywhere and check the status of any of your communities or individual homeowner accounts. So, the work is out of your hands, not out of your control.
DAILY RECEIVABLES & PAYABLES
Association Billing Daily Deposits (including onsite payments, online payments and lockbox payments) Identify and Deposit unmatched lockbox payments ACH file processing Post Late Fees and Generate Notices A/R, A/P and G/L Adjustments as needed Process A/P invoices Post A/P invoices once approved Prepare A/P checks for printing and appropriate signatures
Month End Close
Month End Reporting
• Full Financial Statements
• Cash Disbursement Report
• Aging Delinquency Report
Split Owner Account Information appropriately
Set up new Homeowner Account