Re: condo association accounting services
From: Alexander Robin A (
Date: Mon, 8 Dec 2008 18:10:11 -0800 (PST)
Having an outside audit is a good idea just as a quality control check. To the 
other post, it definitely should not cost $5,000 unless you have a particularly 
complex organization. To Denise, sounds like your accountant is a bit obsessive 
with the recommendation to have all these funds. Sometimes simplicity is best.

An outside bookkeeper is a good idea and can ease the burden by doing the 
taxes. I've found it better to use an independent small accounting shop rather 
than one of the bigger companies due to the latter costing a lot more for 
usually not better service. An audit is always a good idea just as a check on 
the work done but for a simple organization such as a cohousing it should not 
cost a lot.

Robin A

"Live in peace with the animals. Animals bring love to our hearts, and warmth 
to our souls."
Colleen Klaum

From: Denise Meier
Sent: Mon 12/8/2008 12:23 PM
To: Cohousing-L
Subject: Re: [C-L]_ condo association accounting services

While we're on the topic of accounting, I am wondering if any  
cohousing HOAs have ever been audited?
We have had our accountant warn us about stuff (like not paying for  
meeting childcare out of HOA dues and using a separate fund instead,  
or keeping our meals accounting separate from our other books). I'm  
wondering if any HOA has actually been examined and if so what turned  
out to be problematic, if anything.

Denise Meier
Two Acre Wood
Sebastopol, California

On Dec 8, 2008, at 10:05 AM, Diana E Carroll wrote:

> Hello!  We are shopping for a company to provide us with
> accounting services. Anyone out there have a firm they've
> worked with an particularly recommend?  Or, for that
> matter, disrecommend?  Or advice on how to select such
> a firm?
> one company we've talked to is Digital Accounting Services
> in NH.  Anyone have experience with them?
> Thanks,
> Diana
> ---
> Sawyer Hill Ecovillage    ++++
> Cohousing in Berlin, MA   ++++ 1,2,3 and 4 BR homes still available
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