Accounting

Minimize risk and maximize value

Element’s experienced professionals provide their clients with turnkey back-office association and property management accounting services

Your seven keys to success

The financial controls in place exceed the standard industry practice for enhanced protection of our clients

Dual controls/separation of duties

Approving invoices, cutting checks, giving final approval and performing bank reconciliations are all performed by different individuals

Positive pay

Checks are reviewed by an accounting manager to help eliminate the possibility of fraud

Written policies & procedures

Adherence to an outlined structure to ensure accuracy, efficiency and security

Distribution of financial reports

All bank reconciliations, statements and check copies are included in the client’s monthly financial package

Experience/longevity

Over 30 years of experience successfully managing clients’ accounts

Crime insurance

Systems, processes and the organization are vetted by an independent insurance company

External/internal review

Records, financial statements and internal controls are reviewed annually. Audits may be performed by independent CPA firms

Tailored approach to accounting with Element Financial Solutions - Naples, Fl

A more tailored approach to management & accounting

The credentialed professionals at Element understand the distinct characteristics of association and property management. Licensures and designations underscore the team’s comprehensive grasp of the regulations and statutes governing associations.