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…
Some larger Homeowners & Condominium Associations want to have a website that helps with all kinds of functionality for the manager, board, and owners. One of the large “players” providing these sites is Frontsteps. We met with them and you can watch as we Demo the Back End Tools of a Frontsteps Website for HOAs…
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…
We took a tour of Frontsteps’ websites for Homeowner Associations and Condo Communities and wanted to share it with you. In this video, we went over the functionality and the interface that a homeowner would experience after logging in. Frontsteps websites use WordPress for the public-facing site that is customizable to have the look and…
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
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