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 […]
How often should an HOA be audited?
Some boards run an audit every year, while others stretch it out over two or three years. Other HOAs don’t know when they are supposed to do it; they just wait until something doesn’t feel quite right. So, how often should your HOA be audited? There’s no one-size-fits-all answer, but here’s the usual pattern: These […]
Simple Ways to Keep HOA Dues on Track
Running an HOA takes more than planning. It requires strong systems and sound money management. What starts with a few late payments can quickly become a financial mess. We’ve helped HOAs clean up everything from missing checks to six months of backlogged records. The difference a solid tracking process can make is massive. With the […]
What Is the Difference Between an Audit and an HOA Review?
If you manage a homeowners association, you’ve probably heard people throw around the words audit and review like they’re the same thing, but they’re not. Knowing the difference matters, especially when budgets get tight or when the board wants answers. We will take a look at what each one really means and how they work. […]
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 […]