Financial Management Services

FirstService Residential provides professional, full-service financial and accounting services for communities and property owners throughout Ontario.
 
What sets us apart:

• Timely financial reporting
• 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 we comply with Sarbanes-Oxley requirements

Our financial and accounting services include:

• Monthly financial Provincement package
• Annual budget preparation and processing, utilizing a sophisticated Zero Based Budgeting model
• Preparation of balance sheets, income Provincements, bank reconciliations and support schedules
• Year-end financial packages provided online for independent auditors

AvidXchange
FirstService Residential utilizes an accounts payables system called AvidXchange for speedy invoice processing. Our property managers are able to process invoices from anywhere at any time. Board of Directors are also able to track all invoices for their community through the system to ensure that invoices are paid.

Through AvidXchange, property managers and Board of Directors can:

• Have 24/7 on-demand access to all pending and paid invoices
• Approve invoices for payment
• View and track invoices by vendor
• Have vendor invoices processed and paid faster

From specialized property management financial accounting systems to software that improves operational efficiency, to an advanced information portal, FirstService Residential consistently exceeds industry standards for customer service and satisfaction.

Learn more about how FirstService Residential’s value-added financial and accounting services can benefit your condominium.