Financial and Accounting Services You Can Trust

With FirstService Residential in Nevada’s two-decade track record of providing quality fiscal services to homeowners' associations throughout the state, you have our assurance that your association’s continued financial stability always remains our primary concern. Our commitment to service excellence means we manage your budget and financial matters with the same professionalism and attention to detail that have made us Nevada’s community management leader.  

Our teams of CPA-supervised accounting and finance professionals provide full-service financial programs and services designed to help your homeowners' association anticipate market changes, eliminate cash flow surprises, plan for large capital improvements or renovations and more. For further assurance, team members utilize a proven checks and balances system that ensures the accuracy of every transaction.

Highlights of our financial program include:

  • 24/7 availability of financial information via a password-protected program
  • Timely financial packages, especially documents needed for Board meetings
  • Multiple payment options to reduce delinquencies and facilitate cash flow
  • Processing of payments via a licensed and insured lockbox facility
  • Electronic scanning of vendor invoices and computerized check preparation and signing capabilities
  • Your team accountant is available to your Board and Treasurer to answer questions and conduct periodic financial reviews
  • An in-house Resale Department to eliminate the risk of lost assessments when homes are re-sold
  • CPA access provided as necessary to reduce your association’s auditing fees

As part of FirstService Corporation, a publicly held company (NASDAQ: FSRV; TSX: FSV), we are held to the highest standards of transparency, security and accountability, and comply with Sarbanes-Oxley requirements. We are audited regularly and have robust internal controls with mandated segregation of duties. Associates with access to the association's bank reconciliation are in a different department and have different access rights from the associates who are responsible for transaction processing of journal entries.

Timely and Accurate Financial Reporting

To keep your Board updated and on budget, we report all fiscal activities accurately and on time.  Our teams produce a comprehensive monthly financial status report, balance sheet and income and expense statements.  In addition, they manage accounts payable and receivable, and expertly handle all other financial issues as required.  

Budget Preparation

To help ensure that maintenance fees are both fairly assessed and adequate to cover needed  community improvements, repairs and beautification, our financial team prepares draft budgets for Board review, including anticipated increases, actual expenses incurred over the past year and historical expense data.  

Annual Audit & Tax Preparation

You can always expect to receive accurately prepared documents in time for your annual third-party CPA audits and tax preparation.  And when your homeowners' association hires outside CPAs and attorneys, we provide them with access to our FSRConnect software platform so they can review needed files and documents – an effective way to reduce preparation costs for your association.  
 
Our financial and accounting services include:  

  • Monthly financial statement package (statements also available online)
  • Annual budget preparation and processing
  • Processing of payments via a licensed and insured lockbox facility
  • Preparation of balance sheets, income statements, bank reconciliations, support schedules
  • Flexible banking options and fidelity bonds
  • Multiple payment options
  • Electronic scanning of vendor invoices and computerized check preparation, including online check signing for Board members
  • Year-end financial packages provided online for independent auditors
  • Turnkey collections services

Learn more about how FirstService Residential in Nevada’s value-added financial and accounting services can benefit your homeowners association.