HOA Bookkeeping Best Practices

There are many HOAs located all over the United States. Regardless of their size or location, they all require strong financial management. External management services benefit communities large and small. They enable the HOA to focus on more community-based activities. HOA Bookkeeping is an essential aspect of association management. HOAs that have efficient bookkeeping practices…

Why Do You Need an HOA Reserve Fund?

In the world of HOA finances, there are two principal accounts: the operating fund and the reserve fund. Operating funds pay for daily expenses and ongoing maintenance of the assets of the association. They represent the majority of the transactions in an HOA. Reserve funds, on the other hand, are like the community’s savings account.…