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.
Monthly Financial Preparation
Preparing monthly financials for your association can be confusing and time consuming. Omega can help. Our team will create an easy-to-understand overview of your community’s financial standing for your Board of Directors. We ensure accuracy and transparency throughout the entire process.
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.