Monthly financial reports are the lifeblood of association management. Sentry makes sure they are easy to read and always accurate. Boards can get their financial information in real time, 24/7 through “Board Room”—an online feature on each community website. On-demand reports can be retrieved at anytime and transferred to Excel for detailed review.

Auditor engagements for year-end financial reports and tax preparation are tracked. When required, the engagements are monitored to completion and the financial report mailed to the membership for maximum transparency.

Records are maintained on an individual homeowner basis (e.g., ledger cards, violations and contacts) and vendors (e.g., billing and insurance). All monthly reports conform to Generally Accepted Accounting Principles (GAAP) which requires the use of the accrual basis of accounting. The reports provide the groundwork for financial decisions and indicate the financial condition of the association. Reports include:

• Balance Sheet
• Revenue and Expense Budget Comparison Report
• Monthly Transaction Register
• Check Register
• Accounts Receivable Report
• Closing Report
• Accounts Payable Report
• Sorted Accounts Payable Purchase Journal
• General Ledger