Hi Tim,
Keeping your community associations up to snuff means having funds set aside for the amenities residents expect, while being ready for unexpected expenses.
Theres much more to it than just stashing away the standard HOA fees.
Read The Ins and Outs of HOA Reserve Fund Accounting for everything you need to tighten up your community association balance sheet.
Youll learn:
- The definition of a reserve fund, what you can use it for, and how it differs from an operating fund
- Different kinds of accounting techniques you can put into place
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Cheers!
Tony