We want to thank all of the attendees of the Community Association Institute Rocky Mountain Chapter’s 2019 Spring Trade show and Conference that participated in our class Friday March 15th in Denver, CO. 80 Managers and Board Members learned about HOA and Condo...read more
Colorado’s Community Association Manager Licensing (CAM) Law is scheduled to “sunset” on June 30th, 2019. However, there is a Bill in the Legislature that is expected to provide a continuation of licensing for CAMs. As some of the activities we perform for HOAs and...read more
Your community needs to make small purchases for minor day to day operations. What is the best way to accomplish this without a Board member spending his or her own money, or possibly risking fraud from improper controls around petty cash, debit, or credit card...read more
Many associations use credit cards or debit cards for handling some expense items. We don't agree with this practice as it can lead to abuses and fraud. With good planing and budgeting an association should be able to do with out these payment methods. We wanted to...read more
If you live near Denver come join Community Financials at CAI's Spring Conference. We are a speaker at the Rocky Mountain Chapter of Community Association Institute (CAI) 2019 Spring Showcase and Tradeshow Friday March 15th from 10am - 4pm. We will be teaching a...read more
We’re all aware that the economy has a rhythm or cycle and is also referred to as a business cycle. When the cycle is on an upward trajectory people’s financial situation is improving and as the cycle turns downward their financial situation can deteriorate. The...read more
People naturally want to have control over aspects of their life and this is especially true when it comes to money. Boards are made up of people and so boards also want control over money and for good reason they have a fiduciary responsibility to the owners that...read more
As if the job of managing a condo, HOA, or other common interest community association wasn’t challenging enough, many self-managed associations are facing additional challenges from increasing and constantly changing state regulations around the country. You have to...read more
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...read more
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...read more
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...read more
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...read more
Long Form Articles
If you like our blog posts you will love our long form articles.
They are packed with useful information to help your Board.