Finance & Accounting

 An Association’s financial strength is the foundation for any community to build upon. From budgeting basic routine operational management of your community to funding for long term reserve projects, special projects, and capital improvements, your overall Association’s financial viability is created though collaboration between the Board and Paradise Management (Mgmt). At Paradise Mgmt, operating and reserve budget preparation and support will help build the framework for financial strength. Our Paradise Mgmt banking partner has expertise in community association banking. Safeguards in place include standard operating procedures such as CDARS (to insure FDIC maximum account balances are not exceeded), Positive Pay (check fraud protection), and electronic invoice approval. Paradise Mgmt accounting adheres to GAP standards. Monthly financial packages for each community include a cover page, summary, balance sheet, income statement, budget comparison, prepaid statement, aged receivable report, general ledger, accounts payable, check register, cash disbursement statement, vendor payments and bank account reconciliation