"Virtual CFO"- What Is It?

Financial Services are provided to our clients by our sister corporation, Haney Accountants, Inc., Certified Public Accountants. They provide a unique WEB hosted, paperless "Virtual CFO" service that provides directors with 24/7 access and control over their accounting and collection operation. Check out the following topics:

All of the control without the work 

This solution allows associations and their managers to obtain and enjoy the benefits offered by the outsourcing concept as if it were an in their office and under their control. Managers and directors can view and print financial reports and "drill down" to view transaction documents (Vendor invoices, Bank Statements, Bank Reconciliations, Delinquency Reports, etc.) 24/7 anywhere they have Internet access.

How It Works

Vendor invoices can be processed and checks written on blank check stock anywhere and anytime using a number of different control techniques. The client may chose to handle most of the accounts payable process or, subject to their invoice approval rules, chose to have Accountant provide this service.

Accountant records standard journal entries, reconciles bank accounts, coaches clients on system use, provides CPA level quality control. Moreover, it handles the Assessment Collection process from Billing to Foreclosure. With this system there are no other parties involved in the process. The Accountant's experienced and trained staff handles all the functions from billing to foreclosure under one roof. This core business rule minimizes the amount of miscommunications, errors, and lost assessments. It shortens the problem/resolution cycle and reduces owners' stress in a naturally stressful situation.

The Human Resource Services (HRS) provided by Accountant thru its sister corporation, CEO, Inc. minimizes the Client's tax, workers compensation, benefits, and other employee HR compliance concerns and issues.

The Virtual CFO solution provides Clients' and their stakeholders an industrial strength high quality accounting solution without concern about access, control, compliance, technology, staffing, facilities, investment, and other such complex professional issues and related risks.

From developing Pro-Forma operating budgets to reserve funding, our firm has the resources to protect and maintain the financial health of your association. As part of our services we provide the following financial reports on both an interim and annual basis:

• General Ledger, Reports & Returns
• Assessment Collection (from billing to foreclsoure)
• Ownership transactions and refinance transactions
• Accounts Payable
• Budget (Financial Forecasts) Service
• Operating Budget
• Balance Sheets
• Bank Reconcilations

        Click here for more information:     Haney Inc