Service 02 · Reporting
Financial statements that owners can actually read
We prepare the corporation’s year-end financial statements in the format Ontario condominium corporations use, with operating and reserve funds side by side and notes written for non-accountants.
What's included
What you get with this service
Statement of financial position
Operating and reserve funds in separate columns.
Statement of operations
Revenue and expenses compared with budget.
Changes in fund balances
How each fund moved during the year.
Cash flow statement
Where cash came from and where it went.
Notes to the statements
Written in plain language for owners.
Draft review
A walkthrough of the draft with the treasurer.
Why it matters for your condo
Every owner receives the audited statements. When the notes are clear, the board spends less time answering questions at the AGM and more time on the building.
2 funds
Operating and reserve shown separately, the way owners expect.
1 draft review
The board sees and understands the statements before approving.
Every owner
Receives these statements with the AGM notice.
What your property manager will provide
We send these as a dated checklist before year-end, so nothing is a surprise.
- Year-end trial balance
- Budget for the year
- Reserve fund study
- Special assessment details
- Loan details, if any
Common questions
Do you prepare the statements or does our manager?
Either works. Many management companies prepare the books and we prepare the statements from them. Your proposal will say which.
Can we change how our statements look?
Yes, within the required framework. Many boards ask for clearer notes and a simpler layout when they switch to us.
Fixed-fee proposal
Get a proposal that includes financial statements
Two minutes, no documents needed. We reply within one business day.
Often included alongside
Next step
An audit your board can follow, delivered before the AGM clock runs out.
Tell us about your corporation and we will send a clear, fixed-fee proposal. No documents needed to start.