MPS Financial is a proud partner to many community association management companies around the state of California. Never heard of us? That’s just the way we like it! In fact, MPS often acts as a silent partner, working diligently behind the scenes while our management company clients take all the credit. We’ve even been referred to by clients as their ‘secret weapon’
Whether your management company has a portfolio of just a few communities, or you manage thousands of units, the percentage of your budget that is going into your accounting staff is probably very high. The US Bureau of Labor Statistics estimates that when you factor in benefits, around 30% of a business’ income goes into labor.
For management companies with up to a third of your workforce devoted to accounting, maintaining your accounting staff can be a sizable investment. This doesn’t even take into account the pain of recruiting, and that finding qualified accounting staff that has experience in the community association industry is like finding a needle in a haystack. That is why outsourcing your accounting back-office may be the perfect alternative for you.
MPS Financial offers a team of qualified, experienced, specialized, industry-focused accounting staff that puts you and your clients first. When you hire MPS, you don’t have to pay benefits or worry about us going on vacation. There is no risk that your accountant will suddenly put in their notice, or get injured or some other disaster that affects your whole business. We will be here to serve you and your clients, rain or shine.
By using a back-office accounting service like MPS Financial, you can rest assured that your client's books will be accurate, secure, and transparent. Outsourcing accounting services offers significant benefits:
When you partner with MPS Financial, your management company gains the ability to provide all of MPS’ proprietary technology resources to your clients. That means board members can log on to our portal to check accounts, print reports or approve invoices, and you get to take all the credit.
Accounting is innately risky. One innocent mistake with the numbers can cause devastating harm to your clients. That is why MPS financial is so diligent about providing accurate financials, on time, every time. We are insured so you don’t have to be.
Why spend time trying to recruit good accounting staff when you could be helping your clients or growing your business? All of our accounting staff are specifically trained in community association accounting best practices to provide a superior level of care to your clients.
When you compare in-house accounting staff to outsourcing your accounting with MPS, there is no comparison! Our clients save over 40% on average when replacing in-house staff. MPS has highly experienced staff accountants with a variety of specialties available to work on your account, as needed.
If you are transitioning to MPS from commercial accounting software, rest assured. MPS has successfully converted accounting data from all major community association accounting software providers. We will work with your team to develop a timeline and a turnover date to ensure your books stay current and accurate.