HOA accounting services · Minneapolis, MN

HOA accounting in Minneapolis, MN.

Twin Cities HOA and condominium boards often face seasonal shared-property expenses along with recurring assessment billing. Our remote accounting team keeps the financial records organized.

Accounting-onlyCPA-led oversightRemote service
Your board's monthly financial packetINCLUDED
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Financial statementsIncome statement and balance sheet
✓
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Assessment reportingOwner balances and receivables
✓
✓
Bank reconciliationsAccounts reconciled monthly
✓
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Budget-to-actualSee how spending compares
✓
Illustrative reporting checklist · Not actual client data
One comprehensive planRoutine accounting, tax returns and 1099s included
From $249 per monthPublished ranges based on community size and activity
Board retains controlWe handle finances, not inspections or rule enforcement
Accounting for Minneapolis HOAs

Clear books for Twin Cities associations.

From townhome associations to condominium communities in Minneapolis, St. Paul and nearby suburbs, the board needs a consistent monthly picture of balances, vendor costs and reserves. We handle accounting workflows remotely while the association handles its own property operations.

01

Seasonal expense visibility

Code approved snow removal, grounds and common-property invoices separately so trends are easier to spot.

02

Owner assessment records

Track payments and delinquencies with accessible ledgers and reporting.

03

Reserve contribution tracking

Help boards distinguish near-term expenses from funding set aside for future work.

A practical point for Minneapolis boards: Associations with both warm-season grounds work and winter snow expenses benefit from budget-to-actual comparisons that highlight when costs occur.
A clear division of responsibilities

Your board runs the community. We run the accounting.

You should not need to pay for inspections, community rule enforcement and maintenance coordination to receive professional financial support.

Your board remains in charge

  • Community priorities and annual budget approval
  • Vendor selection and contract decisions
  • Inspections, maintenance and community rules
  • Final approvals and governance

HFP handles the financial work

  • Dues, owner ledgers and receivables
  • Vendor invoices and approved payments
  • Bank reconciliations and monthly reporting
  • Tax preparation and annual 1099s
What is included

Complete HOA accounting. One monthly fee.

Every community gets the same eight core accounting services. The final fee is based on the number of units and the complexity of the financial activity.

Monthly reportingIncome statement, balance sheet and reconciliations prepared for board review.
Assessment billingOwner billing, receipt tracking, reminders and delinquency reporting.
Vendor invoicesInvoice coding and processing after board approval.
Budget & reservesHistorical-actuals budget template and reserve contribution tracking.
Taxes & 1099sFederal and applicable state returns plus vendor 1099 preparation and filing.
Resale supportRoutine account status letters, resale support and title company responses.
Online portalsSecure AppFolio board and homeowner access to available records.
Standard onboardingRecord transfer and operating-account setup, normally within around 30 days.
Important: HFP does not offer full-service or on-site HOA management. Historical bookkeeping cleanup, reserve studies, independent audits and unusual projects are scoped separately. Any applicable third-party document or payment-processing fees are disclosed.
Transparent, nationwide pricing

Professional accounting without a management contract.

One accounting package. Flat monthly fee. A 12-month agreement. Federal and applicable state HOA tax returns, 1099s, standard onboarding and routine resale support are included. Operating accounts use Western Alliance Bank's Alliance Association Bank; reserve-account arrangements are reviewed separately.

Monthly accounting starts at
$249 / month

Final fee varies by unit count and accounting complexity.

Calculate Your Price →
Easy to get started

From your first conversation to organized books.

STEP 01

Tell us about the HOA

Share the unit count, accounting needs and current financial records.

STEP 02

Review a clear proposal

We confirm your accounting scope, monthly fee and transition requirements.

STEP 03

Transition the accounting

Standard onboarding is included and usually takes roughly 30 days after required access and approvals are available.

Frequently asked questions

Minneapolis HOA accounting questions, answered.

Can you help a self-managed HOA in Minneapolis?

Yes. Our accounting-only service is delivered remotely to eligible associations in Minneapolis and surrounding communities. Your board or manager retains local management responsibilities.

Is your accounting available to Twin Cities townhome HOAs?

We can review eligible condominium, townhome and neighborhood associations in the Minneapolis–St. Paul metro. We do not provide on-site property management.

Will you prepare a reserve study?

No. We track reserve balances and contributions against an existing study. A specialist prepares or updates the study.

Can we keep our existing HOA operating bank account?

Our accounting process requires operating funds in accounts set up through Western Alliance Bank (Alliance Association Bank). We help with the transition. Reserve-account arrangements are evaluated separately.

How much does HOA accounting cost?

Our one-package pricing starts at $249 per month. Published ranges depend on community size, with the final flat monthly fee confirmed after we review transaction volume, accounts and reporting complexity. See our pricing calculator.

Your HOA. Your decisions. Our accounting.

Ready for clearer Minneapolis HOA finances?

Tell us a little about your association. We'll prepare a straightforward accounting proposal.

Get a Free Proposal →

HOA Finance Partners provides accounting-only services remotely to eligible communities nationwide. We do not represent having a physical office or on-site management staff in Minneapolis. State-specific requirements are reviewed before engagement.