hoa accounts payable report

HOA Accounts Payable Report: What Is This For?

The HOA accounts payable report is an important tool for measuring an association’s debts. Unfortunately, not all board members fully understand how it works.   What Is an HOA Accounts Payable Report? As with other organizations, a homeowners association operates with the help of a financial system. Homeowners pay monthly dues, which the association then…

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…

What Is An HOA Cash Flow Statement?

Every homeowners association deals with money. Without proper controls and reporting, though, it can be easy to lose track of the association’s cash. This is where an HOA cash flow statement comes in.   What Is an HOA Cash Flow Statement? A cash flow statement is a financial report that depicts the amount of cash and…

hoa income statement

A Look Into The HOA Income Statement

The HOA income statement is a part of every association’s range of financial reports. Therefore, it is important to know what this statement does and what you can find on it.   What Is an HOA Income Statement? An HOA income statement is a financial report that presents the association’s revenues and expenses for a…

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…

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…