Accounting The procedures established by Associated Professional Services are flexible and can be designed to accomodate the needs of each association. Assessments -- Billing Statements, Payment Coupons or ACH (Automatic withdrawal of Homeowner Assessments) are methods that can be used to collect assessments. The payment coupon system has shown to cost as much as one third less than monthly billing statements. Payment coupons are pre-printed with the name of owner, unit number, and assessment amount and are mailed annually to each homeowner. Late Notices -- Associated Professional Services will mail a late notice shortly after the association's late period to all homeowers who are delinquent. A late processing fee will be assessed to the individual delinquent homeowner to cover the cost of processing the late notice and bookkeeping delays. The fee can be taken out of the association's late fee or can be added.