RevoPay Exiting HOA Online Payments Market Ahead of Changing Security Requirements
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RevoPay Exiting HOA Online Payments Market Ahead of Changing Security Requirements

For some of Community Financials’ customers we have used RevoPay to help with encrypted online payment processing.  They handle e-checks and credit card transactions.  Their system plugs into our accounting software and is a “behind the scenes” part of our homeowner online payment solution. RevoPay was founded in 2002 as a cloud-based e-payments software and…

Does a Two-Column Balance Sheet for HOAs and Condos Simplify Reporting?

Does a Two-Column Balance Sheet for HOAs and Condos Simplify Reporting?

Community Financials has introduced a two-column Balance Sheet format that separates Operating and Reserve Funds, providing a clearer picture of the financial position for homeowners’ associations (HOAs) and condominiums. This blog explores how this new format differs from a traditional Balance Sheet, how to read it, and why it simplifies understanding for board members. How…

A computer screen in an office with bookshelves and a calendar, with the words "farewell to tops pro" written on the screen.

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, what does Tops Pro and IQ discontinuing by the end…