Qualified Property Management home page  

QPM Association Accounting

HOA, Condo and Townhome Accounting

calculator and reports

The Accounting Department here at Qualified Property Management performs some of the most vital functions in relation to your homeowner, condominium, luxury high rise, co-operative, property owner, time share resort condominiums or master planned community association.

With hundreds of years of combined, strong accounting backgrounds, our Accounting Department personnel are sure to shine for your Association. The Accounting Department is further broken down into:

Accounts Payable (A/P):

Working closely with the assigned LCAM, bookkeeper and the Treasurer of the Association, the A/P department ensures that all approved Association invoices are paid in a timely fashion, avoiding any late fees or penalties on behalf of the community.

Accounts Receivable (A/R):

The A/R department is responsible for receiving and posting all assessments and payments that pertain to your Association. As with the A/P Department, the A/R members work closely with the other accounting personnel, the assigned manager and the Board, filtering all of the month's information into a comprehensive financial report.


Working closely with the assigned manager, the other members of the accounting department and the Board of Directors, the bookkeepers assigned to your account are responsible for generating the monthly financial reports for your community.
The bookkeepers also assist in the Association Budget Preparation, tracking Association CDs and Loans, Special Assessments and work closely with the Association's CPA on yearly tax preparations and audits.

Monthly Financial Reports:

Monthly Financial Reporting
Performed on a modified accrual basis, our monthly financial reports are truly our claim to fame. The bookkeepers in the accounting department are provided with a calendar of Board of Director meeting dates, ensuring that your financials are completed prior to your meeting, allowing the Board the time to review and understand the information given to them.

Filtering all of the information from the various accounting departments, the monthly financial reports are compiled into a Managers Report, which also contains information regarding call logs, violations and day to day operations of the Association.
To see a sample of our Manager's Report and Monthly Financials click HERE.

The operating budget sets the rules to the financial game for your community. Through our years of experience in our industry and strong accounting practices, QPM can assist your Board of Directors in drafting a concise, fiscally sound Budget for the following year. Here at our facility we can project the Budget onto a large screen for all members to see and then use the input from the Board, manager and assigned bookkeeper to produce a strong draft budget.


The foundation of your financial needs is your current budget. Your assigned Bookkeeper will work with your Manager to review your past budget and research and revise your Reserve accounts towards presenting the first draft of a new budget each fall. This will bring the accounts up to date and show the real financial picture of your association. This process is mandatory in order to ensure expense control.

The above services are a part of the professional services a Qualified Property Management community client can rely on in Hillsborough, Pinellas, Pasco, Hernando and Citrus Counties in Florida.


Can't say enough about these guys. Have helped us out for a couple of years now and lived up and more to every promise!

B. Patrick


We had a large number of delinquent accounts in our condo, and nobody wanted to make the phone calls. In many cases these were our friends and neighbors, but something needed to be done. Without dues we can't keep up on building maintenance, and other necessities. Qualified was able to come in and PROFESSIONALLY take care of the issue in a manner that helped everyone involved. I can't say that this problem of past due payments has completely gone away, who can in this economy, but the burden of collections has been greatly decreased with their help.

George S.

Consulting Services

Qualified Property Management, Inc. personnel will assist the association with projects such as:

  • Revision of corporate documents through their attorney


The elements of transition from the developer and/or another management firm can be hectic at times. We have some basics outlined that have proven to be extremely effective and will be happy to review those items with you once there is an Agreement.

Read more »

Get In Touch

Qualified Property Management, Inc
Toll Free: 1 (877) 869-9700
Local: (727) 869-9700
Fax: (727) 869-9825
Main Office
5901 US Highway 19 S Ste 7
New Port Richey, FL 34652
QPM South
1301 Seminole Blvd # 110
Largo, FL 33770