HOA & Condominium Accounting in Puerto Vallarta

Yes. If the HOA collects dues, pays vendors, or employs any staff, it must have an RFC and comply with SAT obligations. Many HOAs in Puerto Vallarta operate informally for years until an audit or vendor requirement forces registration — we help get HOAs compliant from the start or regularize existing ones.

HOA dues are typically not taxable income when used exclusively for common area maintenance and administration. However, income from rental of common spaces, interest on reserve funds, or commercial activities may be taxable. We structure your HOA accounting to keep taxable and non-taxable funds separate.

At minimum: monthly income and expense statement, bank reconciliation, reserve fund balance, accounts payable aging, and year-to-date vs. budget comparison. We produce all of these in both English and Spanish so foreign and Mexican owners can understand the financial position of their community.

We validate that every vendor payment is supported by a valid CFDI invoice with the HOA's RFC. This is essential for deductibility and SAT compliance. We also track unpaid vendor invoices and reconcile them against bank payments each month.

Yes. Catch-up accounting for HOAs is a common engagement. We reconstruct records from bank statements, prior invoices, and meeting minutes, then build a clean going-forward accounting system. We also help communicate the catch-up results to the board and owners in a clear format.