Are you the Treasurer at your condo community or homeowners’ association (HOA)? One Treasurer of a professionally managed community I spoke with spends 20 hours a month on this volunteer role. You are not paid, most unit or homeowners don’t know what you do or appreciate how much time it takes. If owners do know…
Your community recently decided to switch management companies or go from “full management” to self-managed or change software systems. Can you keep your Condo or HOA’s financial data during a transition? That is what we’ll discuss in this post. Is there a way to bring your financial and administrative data over from one system to…
![Switching from TOPS Pro Software to TOPS [One]](https://communityfinancials.com/wp-content/uploads/TOPS-ONE-768x210.png)
TOPS is the most widely used management and accounting software in the community management (condo and HOA) industry. TOPS Pro, TOPS 212, TOPS IQ or other older variants are their older desktop based software. They are tried and tested and have done a good job for its customers for many, many years. TOPS [ONE] is…
One of the software programs we use at Community Financials is TOPS. Tops is the largest software company in the condo & HOA industry as measured by the number of management companies using it. It has 5 times as many clients as the next largest competitor Caliber which we also use. On December 7th, 2018…
When Should My HOA Consider Self-Managing With Accounting Support? Over one third of condo communities and homeowner associations (HOAs) are self-managed. If you have 200 units/homes or less or have a high level of board participation you are a prime candidate to self-manage with support. By support I mean with financial management services, administrative services…
A trend in many industries over the last few decades has been to divide up work among narrowly focused specialists. The medical profession is a great example – no longer do you see a heart doctor but one that specializes in valves or heart arrhythmia procedures. So too community association management is getting more specialized…
Whether you are an accounting geek, a systems person or just want a deeper understanding of accounts payable we are about to get into the nitty gritty of AP. In a full service management company I was a partner of and President I implemented a powerful AP system in 2004 that provides greater tools and…
Life is busy enough let alone adding a condo community or homeowners’ association (HOA) volunteer role to your list of obligations, especially if you are a self-managed community. We have set out to design our community accounting service to make the entire life cycle of how you deal with our company simpler. We hope to…
Are you a board member of a large scale community association? Are you reviewing your large scale community association accounting? You may refer to yourself as a Large Scale Association, A Planned Unit Development (PUD) or just a Planned Community. You may be a residential homeowners association, or condo community or maybe a mixed use…
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.
Need to change an existing consultation? Email info@communityfinancials.com
