Financial-only HOA management refers to specialized services provided by HMC that focus exclusively on the financial aspects of HOA operations. These services help volunteer boards handle complex tasks like budgeting, accounting, and collections without involving on-site property management, maintenance, or administrative duties. This tier is ideal for self-managed HOAs seeking expert oversight to ensure compliance, transparency, and fiscal health.

• Budget Preparation and Planning: Creating annual operating budgets, forecasting expenses, and advising on reserve funding to avoid special assessments.
• Accounting and Bookkeeping: Maintaining general ledgers, reconciling bank statements, and ensuring adherence to Generally Accepted Accounting Principles (GAAP).
• Billing and Invoicing: Automating dues, fee, fine, and late fee invoices; supporting online payment portals and autopay setups.
• Collections Management: Implementing delinquency programs, sending reminders, and coordinating with legal teams for overdue accounts.
• Financial Reporting: Generating monthly/quarterly reports, including balance sheets, income/expense statements, cash flow analyses, and homeowner account summaries.
• Banking and Payment Processing: Integrating with banks for lockbox services, electronic transfers, and secure deposits; handling integrated banking for seamless transactions.
• Audit and Tax Preparation: Assisting with annual audits, tax filings, and compliance with state regulations; providing fidelity bonds for financial protection.
• Reserve Studies and Funding Tools: Conducting reserve studies, updates, and interactive planning tools to project long-term capital needs.
• Vendor Payment Processing: Paying approved invoices for services like landscaping or insurance on behalf of the HOA.
• Financial Consulting and Transparency Tools: Offering expert advice on investments, risk management, and online portals for real-time access to financial data by boards and homeowners.