Blog
Blog posts and webinars helping you navigate HOA financial management
You can find an extensive library of HOA resources here at the Community Financials Blog. Updated regularly with articles of interest to anyone on the Board of an HOA or Condo Association (or thinking of joining one!), it is guaranteed to have insight on any related subject that you are seeking out.
- HOA financial management, bookkeeping, auditing, and collection practices— our curated Blog section features posts and webinars that aim to answer your most burning questions.
- We also explore common topics such as, but not limited to, HOA tax returns, Board elections, and more!
- Bookmark it today for your one-stop resources source.
Corporate Transparency Act Update: Ruled Unconstitutional by Federal Court
There is a new development regarding the Corporate Transparency Act. A Federal court ruled the Corporate Transparency Act is unconstitutional. See below from the Community Associations Institute (CAI): “In a stunning decision late last week a federal court ruled the...
Tops Pro and IQ Discontinuing by the End of 2024
One of the most widely used property management and accounting software for HOAs and Condo Associations to date has been Tops Pro. This software is being discontinued, and will not be supported past the end of 2024. If your community is currently using this software,...
Podcast for HOA & Condo Board Members on Detecting and Preventing Fraud
Looking to learn more about being a Board Member at your community? Podcasts are a great way to learn about topics. I recently was a guest on a podcast for HOA & Condo Board Members on detecting and preventing fraud. The Podcast is called HOA Insights: Common...
Do HOAs and Condo Communities have to comply with new 2024 FinCEN regulations?
As of January 1, 2024 the Financial Crimes Enforcement Network (FinCEN) will require most legal entities, domestic or foreign, to report their Beneficial Ownership Information (BOI). How will this impact HOAs and Condominium communities? Do HOAs and Condo Communities...
2024 HOA & Condo Board Resolutions and Goals
The start of a new year is a time for reflection on what went well and what didn’t go so well in the prior year. Whether you call them resolutions or goals what can you do to take steps to improve your community or your time spent on the Board? Let’s take a look at...
Why do HOAs and Condos have to change systems when they change managers or accountants including accounting software and banks
When talking with Boards looking to make a change in how they operate their community I am often asked questions related to changes that will occur. The most frequently asked questions are do we need to change our software or bank and why? Homeowners Associations...
Collections Laws for HOAs and Condos in all 50 States
We want to share an awesome resource to figure out the collection laws for HOAs and Condos in all 50 states. Our friends at Axela have a digest of all the requirements since regulations governing Homeowner Associations and Condominium Communities vary greatly from...
14 Steps to Prepare your Homeowners Association or Condo Community for an Audit
Preparing for a year-end audit for a homeowners association involves careful organization, documentation, and attention to detail. Here are some steps you can follow to ensure a smooth audit process:Organize Financial Records Gather all financial records for the year,...
Reserve Requirements for HOAs and Condos in Each State
We wanted to share an excellent resource with you which will help you to figure out the reserve requirements for HOAs and Condos in each state. Our friends at the Community Associations Institute (CAI) have a digest of all the requirements since regulations governing...
New Podcast for HOA & Condo Board Members
Looking to learn more about being a board member at your community? Or do you want to improve how your HOA or Condo operates? Good news there is a new podcast for HOA & Condo Board members. I love podcasts as a great way to learn something new or go deeper into...