Is QuickBooks a Good Tool for HOA Finances?
QuickBooks for HOA Finances: Pros, Cons, and When to Use It As HOAs face increasing financial complexity and regulatory scrutiny, choosing the right accounting software is more important than ever. Without clear and transparent finances, your organization runs the risk of troubled money flows, theft, fraud, inability to deliver services, and the need for multiple […]
How Much Should Your HOA Keep in an Operating Account?
Understanding how much your HOA should keep in its operating account is key to financial health, service continuity, and resident trust. Whether you’re a new or experienced board member, this guide will help you determine the right amount—and why it matters. The Two Types of HOA Accounts Typically, an HOA has at least two accounts. […]
How to Manage HOA Finances: A Complete Guide for Board Members
Managing HOA finances is one of the most important responsibilities for board members—and often the most misunderstood. From budgets to tax filings, proper financial management ensures stability, compliance, and trust among residents. HOA finances require specific handling to meet the HOA’s goals, meet compliance, and deliver transparent reporting for members. As a member of the […]