Accounting

Association accounting that closes the month

Assessments, late fees, reconciliation and reports built for community associations, and applied in the order Florida statute requires — not a generic ledger with an association label on it.

CasWise association dashboard with property statistics
The association dashboard, shown with demonstration data.

Assessments by unit

Regular and special assessments generated per unit on the schedule the association actually voted, rather than one global charge split afterwards.

Late fees and interest, by the rules

Late fee on the monthly assessment, interest on the unpaid balance, applied per unit and per period — so a dispute can always be traced to a line.

Bank reconciliation

The bank feed matched against receipts with the unit carried through, so a payment never lands on the wrong owner and month-end does not start with a hunt.

The reports the board asks for

Balance by unit, aging, collections and month-end figures, with the detail behind every number one click away instead of rebuilt by hand.

Accountant reviewing association books

Built on Florida Statute 718.116

The statute fixes the order in which an owner's payment must be applied: interest first, then late fees, then fines, and finally assessments. CasWise applies it without exception, on every payment, so the ledger holds up when a figure is questioned.

  • Payments applied in the statutory order, automatically
  • Delinquency reports produced from the real ledger
  • Late fee and interest calculated per unit and per period
  • An audit trail behind every posted amount
Property managers reviewing association finances

What changes for the people doing the work

For owners. Charges that add up to the balance they see, a statement that matches the ledger, and late fees explained line by line instead of defended over the phone.

For management. A month-end that closes without a spreadsheet, aging that reflects the real debt per unit, and board reports that do not have to be rebuilt every quarter.

See the owner portal

Bring the association's books into one system

Tell us how many units you manage and how the books are kept today. We will show you the accounting, the reports and the reconciliation with your own numbers in them.