Guide to Condo & HOA Financial Statements for Budget Season. Managing the finances of a community association is one of the most difficult, and most important, responsibilities of a board…
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Maintaining an Condo & HOA General Ledger The foundation of all accounting is the general ledger. Much like your checkbook at home, the Condo & HOA general ledger keeps an…
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Association Managers and Board of Directors review and ensure that your capital reserve study is accurate and up-to-date. by The Falcon Group Are You Ready ? We strongly encourage, that…
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Reserve Funding 101 Reserve Funding for your Communities A reserve fund is a special account for the long-term repair and replacement of commonly-owned property in a community association. A good…
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10 Tips for creating an HOA budget or Condo Budget Do a budget – I know this seems like a silly tip, but we have seen many associations fail…
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HOA Income Statements Unlike a balance sheet which shows a quick snapshot of HOA finances at a certain point, the income statement shows financial information over a period of time. Usually, the…
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Last Chance: Fountain & Aeration Deal of the Year! by SOLitude Lake Management The holiday season is here. Treat your lake or pond to a new fountain or aeration system!…
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Condo & HOA Bank Statements HOA bank statements are just as they sound: a statement from the bank showing all deposits and withdraws from each association account over a certain…
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Learn about your HOA: Many owners in HOA’s all over the country are looking closer at how their homeowners associations are being Governed. Inspection of the Accounting for years was…
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