HOA grants
Did you know that your HOA might be eligible for a grant? Unlike loans, recipients do not have to pay back grant money.
5 ways for high rise condominiums to save money in 2025
Densely populated high rise condominiums have always been budget conscious. With so many expenses, it’s not hard to overspend and exceed the annual budget. But this year is different. Reducing costs or finding new ways to generate revenue isn’t just a goal, it’s a necessity for many large condo communities. Costs for services, materials, and […]
Top HOA accounting software for small, medium and large associations
Accounting software is used by all types of professionals. While accountants and bookkeepers are generally very comfortable working with this technology, people without an accounting background can use it too. In fact, several HOA staff and managers rely on accounting software to streamline and organize income and expenses, such as bill payments, taxes, payroll, assessments […]
Adapting to 2024/2025 trends impacting high-rise condominiums
Has it been a challenging year for your condominium community? If you answered yes, you are not alone. The cost of everything, including insurance, utilities and staff, is up, and condo owners are feeling the pressure. The bad news is that costs aren’t decreasing any time soon. The good news is that more stability is […]
How to make and enforce a collection policy for your condo or HOA
Condo and HOA communities are non-profit organizations, meaning almost all of their revenue comes from owner assessments or dues. Associations need owners to make their payments on time. Otherwise, they may be forced to increase assessments, levy a special assessment, reduce services, or take out a loan. Download our free collection policy template […]
Condo/HOA payment plans
While many condos and HOAs aren’t required to provide payment plans, it’s better for the community to receive some money than nothing at all.
Common property management accounting challenges (and how to solve them)
Accounting gets easier with practice, but without good systems in place, and a bit of help from software, it will always feel like a chore.
How to simplify accounts receivable for your condo/HOA
While we can’t eliminate this responsibility for you, we can suggest some ways to simplify your accounts receivable workflow.
Best practices for using QuickBooks to manage HOA fees
QuickBooks can help automate and streamline the process of documenting and collecting monthly HOA payments from members.
Must-have integrations when using QuickBooks
Not only does QuickBooks offer different pricing packages, but customers have the ability to combine it with software they already use.
If your assessments haven’t gone up, there could be a problem
Assessment increases are not popular, but they are necessary to maintain property values, facilities, and a good standard of living.
Does my HOA need a full accounting system?
Most communities only need strong accounts payable and accounts receivable systems to effectively manage HOA finances.
Property management accounting: Accounts payable vs. accounts receivable
Both accounts payable and accounts receivable are important elements of condo and HOA management accounting.
How do I automate HOA fees?
Automating HOA fee payments requires the association to invest in a payment processing platform. Read this article to learn more.
How to streamline your association’s accounts payable process
In order to establish a stronger AP system for your association, accounts payable automation is often the solution.
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