Forward-Thinking Financial Management for Your Community
Managing HOA financials can be daunting for many association Boards. At Omega, we understand that each association operates differently with unique fiduciary responsibilities. We offer customized financial management services tailored to the individual needs of your community. Our team of accounting and finance experts can assist with planning, budgeting and forecasting, and analysis to ensure the financial strength and stability critical to the overall success of your community. And we use cutting-edge technology to ensure all financial planning and transactions are safe and secure.
Assessments are the lifeline of any HOA community. Our assessment billing and collection process enables homeowners to pay assessments online quickly and securely, as well as access account information through the homeowner portal. And, we offer custom collection solutions designed to reduce bad debt and collection fees.
Accurate and timely bill payment is crucial for healthy HOA financials. We have full-time, dedicated accounting professionals who handle the entire accounts payable process that gives you peace of mind the bills are paid on time and correctly. We offer an easy and flexible accounts payable system that enables the Board to approve payments as requested.
Proper financial statements can be the difference between a healthy, stable HOA community and consistent headaches for the Board. Omega can assist with the preparation and review of your financials for both the operating and reserve accounts. We provide continuous reconciliation to spot problems right away, as well as online access to bank statements.
A detailed, properly prepared budget is an essential planning tool and key for the long-term financial stability of any association. Omega can assist in the timely preparation of a workable annual budget with line item documentation to ensure accuracy, while planning for long-term capital expenditures, reserve studies, and tax/audit preparations.