What is HOA accounting software?
So, What Is HOA Accounting Software? HOA accounting software tracks the funds that run a community. It records homeowner payments and shows which bills still need attention. It keeps reserve funds separate from everyday spending. It creates reports that make sense. A good setup turns chaos into clarity. The board gets a clear view of […]
What is the chart of accounts for HOA?
What Is a Chart of Accounts? A chart of accounts is a simple list. It shows every category your HOA uses to track money. It shows money coming in and money going out. It also tracks what you own and what you owe. Think of it as a quick guide to your money. It shows […]
How to do a balance sheet for an HOA?
What Is a Balance Sheet, Really? A balance sheet shows where your HOA stands right now. It’s a snapshot of what the association owns, what it owes, and what’s left over. That last part, the fund balance, is the cushion your board relies on to keep things running. Every HOA should have three key financial […]
What is the best accounting method for an HOA?
Cash vs. Accrual: What’s the Actual Difference? Let’s say your HOA sends out dues notices in January. One homeowner pays right away. Another pays in March. A third still hasn’t paid by June. With cash accounting, only the January payment shows up in your January report. The rest don’t appear until the money hits the […]