HOA Accounting Software
Where Does My HOA Fee Go?: HOA Software Brings Financial Transparency to Your Community
Key Takeaways When homeowners pay their dues, they want to believe their HOA has their best interests at heart. When it comes to finances, people grow suspicious at the slightest lack of transparency. Even if the board manages HOA finances responsibly, trust breaks down when residents can’t easily see where their dues go. If your…
Read MoreLate Fees, Lost Checks, and Confusion: A Guide to Stress-Free HOA Payments
Key Takeaways Homeowner’s association dues aren’t arbitrary expenses imposed on residents. They’re essential for the upkeep, maintenance, and quality of life in a community. This puts a lot of pressure on self-managed HOAs to collect dues on time, impose and enforce late fees, and make deposits—not an easy task for volunteers with limited time and…
Read More‘Why Can’t I Ever Reach My HOA?’
KEY TAKEAWAYS: Not-So-Golden Silence Imagine at the monthly meeting of an HOA—let’s call it Hickoryhurst HOA, just for fun—the board approves a rule prohibiting trash cans being left curbside the night before pickup. At the same meeting, board members turn down the treasurer’s proposal to convert bookkeeping and communications from paper and email to self-managed…
Read MoreBank Accounts, Funds, and Budget Items: What Does an HOA Need?
Key Takeaways: HOA Accounts and HOA Accounting If you’re involved in your homeowner association’s management, HOA accounting software can streamline your work. Certain types of accounts can further simplify your HOA bookkeeping. Every community’s goals, circumstances, challenges, and personalities are different, so not every account type is needed by every HOA. It may be more…
Read MoreSimplify Your HOA Finances, Simplify Your Life
Key Takeaways: Remember how your mom always told you not to bite off more than you could chew? (This comment was likely paired with a reminder to keep your elbows off the table.) If you’re a volunteer helping run your HOA finances, you might occasionally hear the echo of Mom’s voice in your mind, whispering,…
Read MoreManage HOA Reserve Funds Like a Pro With Tech
Key Takeaways: A good quality of life in a managed community depends on the health of the property. The condition of everything from sidewalks to swimming pools has a direct impact on homeowner happiness, property values, and the HOA’s reputation. To support long-term sustainability, self-managed HOAs need to prepare for the replacement of major components…
Read MoreHOA Accounting Software: From Paperwork to Pixels
You walk past your dining room table, which has somehow become a substitute desk-slash-filing-cabinet-for-the-HOA. Instead of dinner guests, it hosts teetering towers of bills, forms, receipts, and checks. Your stomach gives an anxious twist, and you think, Did the Pattersons’ check for their garbage can fine ever turn up? I haven’t lost it, but… I…
Read More7 HOA Bookkeeping Services and Maintenance Tasks for Summer
While many volunteer Bookkeepers are more than capable of rising to this task, they may not necessarily have a professional accounting background or have unlimited time to dedicate to their association duties. Whether they have time or not, HOA bookkeeping is a year-round endeavor for community managers of HOAs of all sizes and complexity. Keeping…
Read MoreCommunication Tools Help HOAs Create Cohesive Communities
HOAs tend to have a bad rap. While homeowners want their property values to remain high, they may also resent what they see as burdensome fees and intrusive restrictions. However, an HOA board focused on building community can overcome these perceptions by implementing HOA software to facilitate effective communication and community connections. The best HOA…
Read MoreStreamline Your Finances With HOA Accounting Software
If you’re on the board of a self managed HOA, you may only have a handful of hours each week to ensure everything gets done. You need efficient tools to make this happen. This is especially true if you’re an HOA treasurer who has the important job of managing the financial health of the community.…
Read More