Accounting Support Services provides affordable bookkeeping services and financial management for Community Associations and Property Managers throughout Frederick County Maryland. These range in size from 4 units to more than 1000 units. We can provide the day to day accounting services to supplement your manager or board of directors while minimizing phone calls and recordkeeping tasks. Our consistent, professional services help with a smooth transition when board members or site staff changes. We know how to make use of special QuickBooks® features to accommodate the unique accounting for homeowners associations (HOAs).


Services Include:

Community Association photo

  • Full charge bookkeeping including payment of approved bills
  • Record owner payments and make deposits
  • Process ACH owner payments and lock box transactions
  • Maintain A/R and A/P balances for accrual basis reports
  • Assess late fees and send late notices
  • Reconcile Bank accounts
  • Assist in the budget process
  • Handle property sale paperwork
  • Process Reserve contributions
  • Account for each reserve and operating fund –’ Fund Accounting ‘
  • Maintain physical business documents, master files and financial records


Reporting Services:


  • Create monthly reports including Statement of Revenue and Expenses, Budget Comparison to Actual, Reserve Budget Reports, Statement of Financial Position (Balance Sheet), Fund Reports
  • Attend Board meetings as requested
  • Maintain owner list, distribute coupon books, mail notices
  • Provide end of year reports and assist CPA in preparation of tax returns and audit
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