Marketplace Managment will produce all the necessary financial information your association will need to make sound financial decisions.

As part of our services we provide the following financial reports on a monthly and annual basis:

• Accounts Receivable Report
• Balance Sheet
• Income & Expense Budget Comparison Report
• Check Detail
• Other financial reports requested by Board are available

We also provide the following financial services:

Accounts Receivable

• Track all monthly association dues and assessment payments on a consistent and timely basis
• Initiate collection process as required, including late fees and monthly statements
• Manage the lien/foreclosure process, as required
• Work with Association's attorney for legal processing of liens, judgements, levying funds and foreclosure on liens. 

Accounts Payable

•  Verify and process all invoices for the association and pay on a timely basis

Budget

• Prepare an annual budget for review and approval by the Board of Directors
• Work diligently to keep expenses within the budget
• Assist in developing and maintain a reserve schedule for future capital replacements

Audit/Tax

• Coordinate year-end financial audit if Board requests.
• Send financial records to CPA to prepare annual tax returns and renew Association's corporation active status with State of Minnesota.