hoa general ledger

HOA General Ledger: How Important Is It?

An HOA general ledger is a valuable tool for tracking and measuring your association’s finances. But, many HOAs simply don’t realize how important this financial report is.   What Is an HOA General Ledger? The general ledger is the prime repository of a homeowners association’s financial data. It serves as the association’s ongoing record of…

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software for hoa management

Self-Managed HOAs And HOA Management Companies: Why Use Software For HOA Management

Many are hesitant to use software for HOA management. But, the reality is that both self-managed communities and HOA management companies can benefit from the use of such software.   Why Should Self-Managed Communities Use Software for HOA Management? A self-managed homeowners association relies solely on its HOA board to run the community. But, board…

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HOA Management Software During COVID-19

Using An HOA Management Software During The COVID-19 Pandemic

Why should homeowners associations start using an HOA management software during COVID-19? Given the state of the world right now, there are many reasons.   The Rise of HOA Management Software During COVID-19 Before the coronavirus pandemic hit, many homeowners associations relied on traditional processes or the help of a management company for their day-to-day…

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bank reconciliation

What Is A Bank Reconciliation? And How Can An HOA Management Software Help With That?

Managing the finances of a community can be taxing, and bank reconciliation is one of the more tedious tasks associated with that. Discover the process of reconciling your bank statements and how an HOA management software can help.   Understanding the Bank Reconciliation Definition What is a bank reconciliation? To put it simply, bank reconciliation is…

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