Basic Requirements of HOA Accounting and Reporting

As a Homeowners Association Board Member, you have many responsibilities and duties regarding your residential community, and one of the most important among them is accountancy. Though your HOA is not profit-driven, the association still handles revenue and incurs expenses like any other business organization. It is, therefore, essential that you feel informed about the […]

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Reduce Your Accounts Payable Workload by Half in 2022

Accounts payable (AP) is the bane of every property manager’s existence. Every month, you have to process an assortment of mailed and emailed invoices from contractors and vendors, enter them into your software system, reconcile if necessary (which it always seems to be), pay them on time (or not)… and that’s just for one community! […]

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5 Easy Steps to Move to TOPS [ONE]

Property management companies are busy! TOPS [ONE] alleviates time spent on most tasks. For example, a TOPS client saves 250 hours per month in community visits. Site visits that used to take two hours, now only take 45 minutes with the all-in-one property management solution. We get it…when it comes to change management, it can […]

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How to Streamline Your HOA Financial Reporting

How to Streamline Your HOA Financial Reporting The first step in streamlining anything is to clean up and get organized. HOA boards still working on spreadsheets or multiple systems are prone to face issues with incorrect data in their HOA financial reporting. Multiple users and many versions of similar files could be putting your association […]

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Still Doing Manual Entry of HOA Account Receivables? Not Anymore!

Time to Get Automated At TOPS, we know there usually aren’t enough hours in the day for all your property management needs. That is why we strive to make our software as simple as possible and offer various forms of automation. With automated services, you can complete a number of tasks before they become an […]

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Are You Still Using QuickBooks to Manage Your HOA? What You Need to Know About HOA Software

QuickBooks Vs. HOA Software QuickBooks or traditional HOA software? That is a question communities face when it comes time to pick the best HOA software for your community accounting. It’s true QuickBooks will work for any HOA and allow you to handle your accounting in one system. However, this may not be the best option. […]

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Tips for a Seamless Transition to New HOA Accounting Software

Upgrading Your HOA Software Technology and software are constantly evolving. As a community manager, it is your responsibility to determine when your current software is out-of-date and in need of an upgrade. Your current solution may be hindering productivity with manual verses automated tasks and you may be looking for a change. Fortunately, TOPS makes […]

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What’s the Process to Implement New HOA Software for Your Business?

Software Implementation Requires Attention With today’s evolving digital age and the increased reliance on technology, implementing new software is going to be a necessity at some point in time for your business. Community management software provides a huge benefit to your community and your day-to-day tasks. It makes your job easier, saves time on work, […]

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Advantages to Using Cloud-Based HOA Software vs. Desktop Software

Which Software Should You Invest In? In a world of constantly changing technology, one of the most common questions property managers and business owners may face is should I invest in a cloud-based software or stick with traditional desktop software? When deciding on property management software there is a difference. Cloud Computing Has Been One […]

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Year-End Checklist for CAM Accountants

Year-End Checklist for CAM Accountants

Note: This article has been updated since it’s original publication. It’s the new year. The holidays are over and if you’re a CAM Accounting professional, now is when the real work begins. That’s because the new year also marks the beginning of a much more stressful time in community association accounting – Year End. If […]

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