Our Services – Comfort Accounting Services

Accounts Payable

Comfort Accounting Services Inc. recognizes that paying contractors in a timely manner not only keeps them happy but ensures that your corporation’s monthly financial statements and bank reconciliations are as all-inclusive as possible.

Our highly trained, professional personnel and advanced technology enables us to keep current on all aspects of the Accounts Payable function. But that is just the beginning. Our dedication to transparency necessitates that we require a minimum of two Board signatures on Accounts Payable cheques and post financial updates into specially created portals in your community website so your Board can also see what is happening in real time.

Accounts Receivable

Monthly bank reconciliations are essential vehicles for enabling corporations to see how their money is going out and coming in.

Comfort Accounting Services Inc., through our partnership with Shiftsuite software, provides timely reconciliations so your Board can both monitor your corporation’s accounts receivable and easily link accounts payable disbursements with Board directions and/or operating budget line items. Again, our dedication to sound Accounts Payable and Receivable processes facilitates the production of meaningful, accurate and inclusive reconciliations.

Monthly Reports

Monthly financial statements are a corporation’s life’s blood and are essential for your Board to understand and run your corporation.

Comfort Accounting Services Inc. furthers its unique customization ability to produce financial statements that are as simple or all-inclusive as your Board requires. We can even customize the report sequence so that the content flows in a pattern that makes sense to you. We ensure that your financials are ready for Board perusal well in advance of scheduled Board meetings so members have enough time to digest them before the meeting. In this way, the valuable time assigned to conducting Board meetings is used making decisions rather than going through financial statements.

Budgets

Operating budgets are essential vehicles for Boards to plan the corporation’s finances for its next fiscal year. Comfort Accounting Services Inc. recognizes that the budgeting process can be intimidating and labour intensive. We use extensive expertise, well-established processes and technology to make budgeting as stress-free as possible.

Comfort Accounting Services Inc. realizes that owners are very attuned to the level of their monthly maintenance fees. That is why we pay scrupulous attention to all operating budget components. Again, using our team approach, we work hand-in-hand with Property Management and local utilities etc. to ensure that we incorporate accurate figures in each line item, factoring in all known rate increases as well as their effective dates. In this way your Board will have an accurate ‘fixed costs’ financial picture.

Reserve Funds

A healthy reserve fund is essential to the overall health of your corporation (especially as your corporation ages) and eliminates the need for special assessments. A healthy reserve fund also translates into higher returns on investment when your owners sell their units.

Comfort Accounting Services Inc. excels in ensuring that your corporation complies with the legal requirements for reserve account funding. We track due dates of mandated studies and updates and ensure the appropriate funds are available for Boards to pay for same.

We regularly discuss your corporation’s investments to ensure the funds are in the most highly productive vehicles to ensure your corporation’s future health.