Accounting 2017-03-05T21:27:52+00:00

Management – Accounting

Peterson Company strives to provide accurate and timely accounting services. Our current accountant has 30 years of experience in cash and accrual accounting methods. Peterson Company uses state-of-the-art accounting software to provide the Board with legible and comprehensive financial documents. The following are examples of the financial reports prepared by our office:

Balance Sheet

Balance Sheet

Income/Expense Statement

Income/Expense Statement

Statement of Reserves

Statement of Reserves

  • Operating Account – Deposit received assessment payments on a weekly basis
  • Financial Reporting – Monthly financial packet includes balance sheet, income/expense statement (Actual v. Budget and Month- to-Month), general ledger report, bank statements, and statement of reserve funds
  • Accounts Receivable – All checks go directly to a lock box at Biltmore Bank and are updated daily
  • Accounts Payable – Association vendors are paid every week