Some Boards are hesitant to change accounting mid fiscal year. The fear may be that the accounting for the fiscal year end will be convoluted or inaccurate and can interfere with a year-end audit or tax filing. Or the fear may be that it is a lot of work. You don’t...
A key part of financial transparency is access to banking information. We selected one of the few national banks that specializes in HOAs and Condo banking. We use this bank to provide operating accounts since as they interface with our accounting systems to provide...
One of the software programs we use at Community Financials is TOPS. TOPS is the largest software company in the HOA & condo industry as measured by the number of management companies using it. It has 5 times as many clients as the next largest competitor...
All in favor, say “Aye”! If only the process of electing community association directors were that simple! Depending on the size and complexity of your association, you may find the proper handling and record keeping requirements of annual elections to be a...
Have you ever come across a story about theft at an HOA or Condo community? Ever think that it couldn’t happen at your community? Maybe it couldn’t but there is an outside chance that it could. Maybe not with the current board but a future board? If you want to...
So your HOA or condo community already is or is going to become self-managed but you want some software to help make it easier. Before shopping for, buying and training on software we wanted to give you an overview of self-managed HOA software and self-managed condo...
