It would be an understatement to say that managing an HOA’s finances is difficult. A lot of work goes into collecting dues, paying invoices and staying on budget. Most board members don’t have a background in finance, which can make members (especially new ones) feel very apprehensive about this aspect of the job. Download our free accounts receivable template But, instead of leaving the numbers for the treasurer to take care of, board members are encouraged to learn what they can about HOA accounting and hire an accountant or bookkeeper for extra assistance. …
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