Compass Rose Management Services
Financial Management and Accounting
for Homeowners and Condo Associations
Boards rarely leave a management company over one big failure. They leave over late financials, slow checks, and line items no one can explain. Our accounting is built to get those right.
Our team handles receivables, payables, the general ledger and monthly reporting, and supports your Board through budgets, audits and reserve planning.
What to Expect Each Month
Board-ready financial statements by mid-month. Bills paid on a steady schedule, board reimbursements turned around fast, and sameday checks when something can’t wait.
Budgets. We build a draft from your contracts, history and reserve study, then refine it with your Board of Directors. The Board makes the final call, backed by clear, accurate numbers from us.
Reserves and audits. We track your reserve study, recommend funding levels, and coordinate with your auditor or CPA.
Collections. We bill and collect assessments and handle delinquencies according to your Board’s collection policy and Texas law.
Cash management. Operating and reserve funds are set up to earn interest, and the staff who handle them are insured. We partner with banks who specialize in owners associations.
Board-Ready, Every Month
Owners see their accounts in real time online, and Board members can pull financial reports whenever they need them.
Questions about a line item are handled by our own accounting team, who can give you a clear answer.