Accounting Setup for HOAs Homeowner association boards and their HOA management company face a number of challenges in setting up and managing a cost effective and legally compliant HOA. What they don't need during this phase is a poor handling of the board's financial transactions, producing inaccurate financial reports for HOA planning uses, filing cabinets…
Collect HOA and Community Association Revenues A community association requires a lot of care and attention. As a community association manager, you're responsible for collecting HOA dues, finding, resolving and tracking violations, issuing tickets/invoices, sending out delinquency notices, collecting fees, processing checks, and depositing them into appropriate accounts as per your HOA/Community rules. Payments and…
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