Accounting Management

Kodiak offers an accounting only service for condominium corporations. Kodiak has an extensively trained team qualified to manage the financials of condominium corporations. In this service the board and Kodiak work hand in hand. The board will manage the building, all maintenance, vendor contracts, and owner concerns. Kodiak will manage the monthly financial reports, accounts payable, and all owner payments. Please see list below for more details of what Kodiak will handle during this agreement:

  • Estoppels – the board will need to provide all necessary documents
  • Payable – cheques will be processed once a month
  • Condo fees – we will collect monthly condo fees, and manage with all arrears with board direction
  • Audit/Review – we will send documents to auditor, and answer all related questions
  • Budget – provide draft to board, and update as needed until approved
  • Condo fee increased – we will prepare all documentation and update in the banking system
  • Financials – financial statements will be provided by the following month end
  • AGM – we will work with the board on duties for the AGM
  • Annual return – we will complete
  • Banking – transfers to be made with board motions