Chicago Graystone Realty LLC

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Condominium Association MANAGEMENT

The services

accounting & Financial reporting

Our finance and accounting staff – which includes a team of CPAs, a database expert, and an IT specialist – combines in-depth functional expertise with broad-based experience in real estate, a rare combination in property management circles today.

In Accounting & Financial Reporting Chicago Graystone will partner with you to:

  • Collect and process monthly assessments
  • Manage detailed Accounts Receivable (A/R) information
  • Provide ACH capability
  • Track, issue, and collect monthly late fees
  • If necessary, begin, monitor, and follow-up eviction process with association approval
  • Pay monthly expenses in a timely manner
  • Maintain acounting records, operating bank accounts, and the Annual Report with The State of Illinois
  • Prepare monthly package with Cash Flow statements and A/R reports
  • Prepare and maintain annual budget with variance analysis
  • Prepare annual report of financial status