HOA Bookkeeping Service
Manage HOA Reserve Funds Like a Pro With Tech
Key Takeaways: A good quality of life in a managed community depends on the health of the property. The condition of everything from sidewalks to swimming pools has a direct impact on homeowner happiness, property values, and the HOA’s reputation. To support long-term sustainability, self-managed HOAs need to prepare for the replacement of major components…
Read More7 HOA Bookkeeping Services and Maintenance Tasks for Summer
While many volunteer Bookkeepers are more than capable of rising to this task, they may not necessarily have a professional accounting background or have unlimited time to dedicate to their association duties. Whether they have time or not, HOA bookkeeping is a year-round endeavor for community managers of HOAs of all sizes and complexity. Keeping…
Read MoreWhy HOA Bookkeeping as a Service Is a Gamechanger
HOA bookkeeping plays a critical role in maintaining a financially healthy community and typically falls on the shoulders of volunteer board members. While some HOAs might hire a third-party management company to handle the day-to-day management of their association, many will opt to self-manage. Not only does this save thousands of dollars in annual management…
Read MoreUnderstanding BOI Reporting: A Guide for HOAs
As of January 1, 2024, the Corporate Transparency Act went into effect. Why does this matter for HOAs? Because small businesses—including HOAs that fall under the criteria—will be required to submit a Beneficial Owner Information Report to the US government. This could significantly change HOA bookkeeping policies and procedures for your HOA. Understanding the implications…
Read MoreWhy HOA Bookkeeping as a Service Is a Gamechanger
HOA bookkeeping plays a critical role in maintaining a financially healthy community and typically falls on the shoulders of volunteer board members. While some HOAs might hire a third-party management company to handle the day-to-day management of their association, many will opt to self-manage. Not only does this save thousands of dollars in annual management…
Read MoreWhat Your HOA Management Needs to Know About an 1120H
With all the responsibilities your self managed HOA has to take on, it’s easy to overlook taxes. After all, an HOA is set up to support its community, not operate like a traditional business. Most HOAs aren’t tax-exempt. The good news is that filing HOA taxes is typically a piece of cake. The 1120H is…
Read MoreAvoiding Pitfalls in HOA Bookkeeping
Managing the finances of a homeowners association (HOA) can be daunting, especially when the responsibility falls on the shoulders of volunteers. While their intentions are commendable, the complexity of HOA bookkeeping tasks often leads to errors and oversights, even when using a software platform built to make it easy! Recognizing these challenges, PayHOA offers comprehensive…
Read MoreHOA Bookkeeping Services
The end of the year is an exciting time for many, but it’s a stressful time for those in charge of HOA bookkeeping. Hiring someone for bookkeeping services can help spread some holiday cheer!
Read MorePreparing to Switch from QuickBooks to HOA Accounting Software
Are you considering switching from QuickBooks to HOA accounting software for your HOA bookkeeping needs? Here’s what you need to know.
Read MorePros and Cons of an Out-Of-House Bookkeeper
HOA bookkeeping takes up a lot of time. Hiring an out-of-house bookkeeper can give your volunteers some more freedom. But is it right for you?
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