Managing a homeowners association requires access to reliable HOA board resources that support effective governance and decision-making. Community Financials aims to provide board members with the tools, knowledge, and best practices needed to lead their communities successfully. From comprehensive training guides and governance tips to advice on managing board meetings and understanding legal obligations, you’ll find everything you need to navigate your role with confidence.
Explore articles that cover essential topics like conflict resolution, policy development, and board member responsibilities. Whether you are new to the board or a seasoned leader, these resources are designed to enhance your skills and support your efforts in building a well-managed and cohesive community. Whether you’re looking for ways to improve board efficiency or ensure compliance with financial HOA regulations, Community Financials here to support you every step of the way.
We are happy to introduce you to two AWESOME resources for your Community! Besides the INCREDIBLE team we have working on monthly collections, bill payment and financial reporting we have added additional expertise to help your Board operate your community more effectively. Mark provides guidance and instruction to our team and our clients. Some items…
If your community has controlled access, gates, guards, or other forms of restricted access we reviewed dwellingLIVE by Frontsteps. If your Board is looking for a security solution for your HOA or Condo Community that includes Credentialed access, visitor management, licensed plate recognition software, and more check out this video. dwellingLIVE is a web-based complete…
A week ago we held a webinar on how to read financial reports for your HOA or Condo community. In case you missed it we are providing a link to the recording as well as some of the questions and answers below. Stay tuned as we’ll offer other educational webinars like this more frequently in…
Join our 11/4 Webinar on How to Read Financial Reports If you are not used to looking at financial reports they can seem confusing. If you have limited time as a volunteer or are a busy manager what reports should you review before your meeting and what do all the numbers mean?. Join us to…
For many businesses, purchasing a condominium unit in a commercial, business, or mixed-use condominium association makes great business sense. As opposed to renting space, the business owner is building equity in the unit over time. The shared expenses and upkeep of the common areas by the condo association can be very attractive. However, the association…
I often say that the Best Practices are born from learning that results from the worst practices. This holds true for community associations as well. If you are a Board Member, Community Association Manager, or concerned owner you may be interested in keeping your community in sound financial shape and out of trouble. I recently…
In life, timing is everything! Never truer than when determining how to set up your condominium association or HOA accounting program. Knowing how and why to set up your association’s accounting methodology is critical to your association’s overall financial planning and reporting. This article will explore the differences between Cash Basis accounting, Accrual accounting, and…
The Intuit Corporation has sold a lot of copies of QuickBooks over the years. It is an affordable and practical choice for many small businesses. However, condominiums and homeowners’ associations have far more sophisticated bookkeeping and accounting needs than QuickBooks can offer. This article will explore a few of those shortcomings and offer a better…
You know the drill. Every year, Boards of HOAs, condominium associations, cooperatives, and other common interest communities review their previous year’s budget and make their best guess at what the upcoming year will bring. For better or for worse, the decisions made at budget time impact the association’s operations throughout the upcoming year. Set aside…
Russell Munz, Founder
Certified Manager of Community Associations (CMCA)
Expert Financial Oversight
Experience the difference with our professional financial services designed specifically for HOAs and condo associations. Simplify your finances with our expert support.
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