Archive for December 2021
Fees, Penalties, and Increases: Breaking the Bad News to HOA Members
Your self managed HOA will inevitably encounter some unpleasant situations throughout the year. Delivering any kind of undesirable information without careful consideration can increase the tension between the HOA and homeowners. While each HOA must navigate rule enforcement, penalties, and increases to dues and fees in their own way, there are some best practices to…
Read MoreClosing out 2021 Successfully: End of Year Tasks and Closing the Books
The holidays are a time for loved ones, not hunching over accounting ledgers like a Charles Dickens character. Yet good HOA community management practices include certain year-end accounting tasks, such as processing financial documents, reconciling accounts, and balancing your ledger. All of this is important and can impact your association’s finances in the new year…
Read MoreFeatures You Need in HOA Management Accounting
While many HOAs implement various software solutions to manage the financial aspect of their organization, only HOA accounting software provides a holistic solution that goes far beyond bookkeeping. Running an HOA is a nuanced endeavor requiring top-notch organization that most accounting software is unable to accommodate. Too often, HOAs rely on a miscellany of general…
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