Large Scale Community Monthly Accounting and Financial Reporting
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Large Scale Community Monthly Accounting and Financial Reporting

Who says “Bigger” is “Better”? When it comes to large scale community associations like Master Planned Communities (MPCs), Master Associations with Multiple Sub-Associations, Property Owners Associations (POAs), and even larger Homeowners Associations (HOAs), Condominiums, and Planned Unit Developments (PUDs), “Bigger” can be “Better” but only if serious consideration is given to the all-important tasks of record-keeping, bookkeeping,…

HOA and Condo Fiscal Responsibility Webinar 5/12/21 Q&A

HOA and Condo Fiscal Responsibility Webinar 5/12/21 Q&A

If you missed it we had an information-packed webinar on Fiscal Responsibility and Best Practices a few weeks ago on May 12, 2021.  We received a lot of great questions from the audience that I wanted to share with you as I thought would help answer your questions that may be similar. Q: Is “owner equity”…

Financial Management for POAs, PUDs, MPCs, COAs, HOAs, CIDs and More!

Financial Management for POAs, PUDs, MPCs, COAs, HOAs, CIDs and More!

The most commonly known types of community associations are Homeowner’s Associations (HOAs) and Condominium Owners Associations (COAs). But those major classifications are only the tip of the iceberg when it comes to other names and types of associations. Community Financials offers financial management for many other types of common associations. Here are a few more…

5/12 Webinar: Is your Community Association Fiscally Responsible?

5/12 Webinar: Is your Community Association Fiscally Responsible?

Embezzlement. Payroll. Accounts Payable. Delinquencies. Operating vs Reserves. These just a few of the financial challenges boards and managers face twelve times a year. It is so simple to say “assessments should offset expenses” in running a community association. But we all know that reality is much more complicated than theory, especially here in 2021…

Good HOA and Condo Financial Management is an Investment

Good HOA and Condo Financial Management is an Investment

When associations talk about making good financial investments, they are often referring to the best rate they can get on CD or other banking products. Community Financials thinks a far more important financial investment a community can make is in itself and its own financial management. Like all good investments, there are significant returns. These…