Monthly Financial Reporting
Balance sheet, income statement, and budget-to-actual comparisons by the 15th of every month. Invoice backup attached, audit-ready format.
HOA Accounting & Financial Management
HOA accounting handled by a dedicated specialist, not your manager's spare time.
Florida community associations carry compliance obligations, transparency requirements, and reserve funding responsibilities that a generalist bookkeeper isn't built to handle. Edison's accounting department keeps your books audit-ready year-round.
Applies to: HOA + Condo Associations
15th
Monthly statements delivered by the 15th, balance sheet, P&L, budget-to-actual.
Accrual
Audit-ready accrual-basis books. Not cash-basis approximations.
CPA-Led
Director of Accounting oversees every association's financials.
What's included
Full-service HOA accounting for Florida communities
Every Edison management agreement includes the full financial operations workstream, handled by a dedicated accounting specialist with oversight from Edison's leadership team.
Budget Preparation & Planning
Annual budgets built from real operating data, reserve study recommendations, and capital pipeline.
Learn moreReserve Banking & Strategy
Reserve funds tracked against the most recent study. Banking optimized for yield without sacrificing FDIC coverage limits.
Learn moreAccounts Payable & Vendor Pay
W-9s on file, invoice documentation required, rapid vendor pay. Year-end 1099 prep handled in-house.
Collections & Delinquency
Coordinated with Edison's in-house collections department. Clean ledger. Cash flow protected.
Learn moreCompliance & Filing
Board certification tracking, statutory deadline monitoring, and documentation support to keep your association in good standing.
Why Edison
Why boards switch to Edison's accounting model
Most management companies treat accounting as overhead. Edison built it as a dedicated department with its own director, because it's the work that protects board members from personal liability.
Dedicated Accounting Specialist
Not your manager wearing two hats. A dedicated specialist who knows your association's financial history, governing documents, and reporting needs.
Leadership Oversight
Every association's financials are reviewed by Edison's leadership team, not just processed and filed.
Audit-Ready Year-Round
Every invoice requires backup documentation attached. Clean books month to month, not a scramble at year-end.
Reserve Funding Discipline
Reserve banking strategy reviewed annually against current study. We catch underfunding before it requires a special assessment.
Live Financial Access
CINC Systems dashboards give the treasurer real-time balances, AR aging, and budget pacing.
Transparent Vendor Payment
Every payment documented with invoice and W-9. No mystery line items.
Worried about your association's financial picture?
A second-opinion review of your current books is the lowest-friction way to find out where you actually stand. We'll walk through it with you.
The process
How Edison's accounting works in practice
Defined cadence, predictable deliverables, year-round audit readiness.
01
Day 1, Onboarding
Your accounting specialist inherits records, reconciles opening balances, builds the audit-ready ledger.
02
Month 1–12, Monthly Reporting
By the 15th of every month: balance sheet, income statement, budget-to-actual, AR aging, narrative. Invoice docs attached.
03
Jul–Nov, Budget Season
July–November: draft budget built from operating data and reserve study, presented with scenarios, not a take-it-or-leave-it number.
04
Year-End, Audit & Review
Clean books and documented invoices all year mean your audit prep is already done. No scramble, no surprises at year-end.
Our previous manager couldn't tell us what was in the reserve fund without a week of digging. Edison sends monthly statements with invoice backup, we know what we're looking at, and so does our auditor.
James R.
Treasurer · Condo Association · 184 units
FAQ
Questions boards ask most
Does this apply to both HOAs and condo associations?
Yes. Edison's accounting department handles HOAs under FL Chapter 720 and condominium associations under FL Chapter 718. The reporting cadence, audit prep, and reserve discipline are identical; the regulatory specifics differ by community type.
How quickly will we get monthly statements?
By the 15th of every month. Balance sheet, income statement, budget-to-actual, AR aging, and a brief narrative. Real-time financial data is also available 24/7 through CINC dashboards.
What if our books are a mess right now?
Edison's onboarding includes a clean-up phase: opening balance reconciliation, vendor recredentialing, and audit-ready ledger reconstruction. Most cleanups are complete within the first 60 days.
Do you handle the audit directly?
We coordinate with your independent CPA, Florida statute requires external audits be performed by independent auditors. Edison prepares the year-end binder, sits with the auditor through fieldwork, and handles every follow-up question.
What about HOA tax filings?
Edison coordinates Form 1120-H or 1120 filings for each association annually, working with your CPA on the optimal filing choice based on revenue mix and prior-year filings.
Get started
Ready for accounting your board can actually defend?
Tell us about your association, current size, current state of the books, what's worrying you. We'll respond with a written proposal within one business day.