Category: General

How Integrated Accounting Helps Manage HOAs

Posted: August 12th, 2019 | Categories:

Accounting is one of the key tasks of homeowner association (HOA) management. When you manage a client’s HOA, you’re responsible for ensuring the organization’s financial health. You will help the HOA pay its bills, collect resident fees, balance the budget, and more. Thankfully, you can now set aside your spreadsheets and calculators. HOA accounting software automates many of your daily management tasks. With applications like CINC Systems, you can use integrated accounting to help manage your clients’ HOAs. What Is Integrated Accounting? This term refers to a single platform where all parts of an organization’s finances are accessible in one … Continue reading

What Are Some Benefits Of Cloud Accounting Services For Association Managers?

Posted: August 12th, 2019 | Categories:

Cloud accounting services offer many benefits for association managers. When you manage a homeowner association (HOA) or condominium association (COA), your duties include a lot of accounting. You need to be responsible, organized, and pay close attention to detail. Cloud accounting systems, such as CINC Systems, helps you work more efficiently. With cloud accounting for association management, you’ll be able to streamline many services for your HOA/COA clients. Cloud accounting software lets you process resident payments online, create web portals for work orders, generate financial reports, and monitor your clients’ accounts with real-time bank integration. It also provides features like … Continue reading

What’s The Difference Between Cloud Accounting Software And Traditional Accounting Software?

Posted: August 12th, 2019 | Categories:

Accounting software is essential to managing a homeowner association (HOA) or condominium association (COA) for clients. In general, there are two types of accounting software for HOA/COA management: the first is known as traditional accounting software, while the second is called cloud accounting software. Traditional accounting software refers to accounting programs that need to be installed on your computer. They’re self-contained systems, meaning all your accounting data is stored on the computer’s hard drive. Cloud accounting software stores your entire HOA/COA accounting system on remote servers, also known as “the cloud.” This method has a number of advantages over traditional … Continue reading

Do I Need To Know About Accounting To Use Accounting Software To Manage HOA/COA Accounts?

Posted: August 12th, 2019 | Categories:

Accounting plays a key role in association account management. When you’re managing a homeowner association (HOA) or condominium association (COA), you will have many financial responsibilities. You may be asked to monitor your clients’ HOA/COA bank transactions, balance their books, process resident fees, and more. Accounting for HOA/COAs isn’t always the most exciting part of the job, but it can be very rewarding to help your clients stay fiscally healthy. Today, there are also many HOA/COA accounting software programs specifically designed to help you with association accounting. These applications, like CINC Systems, can be customized with unique features to fit … Continue reading

What Safety Protocols Are Needed for Managing Association Information?

Posted: June 26th, 2019 | Categories:

When you manage a homeowner association (HOA) or condominium association (COA), it’s important to protect your client’s information. Association managers often have access to highly sensitive data such as HOA/COA financial accounts and other residents’ personal information. Therefore, we recommend having several safety protocols in place. A software platform like CINC Systems takes data security very seriously and employs many state-of-the-art safeguards to protect client information. With CINC Systems, all the data for the associations you manage will be safe in the cloud. Still, it’s important to consider security protocols. Understanding the safety measures that protect your clients’ association information … Continue reading

What Association Management Companies DON’T Do for HOA/COAs

Posted: June 25th, 2019 | Categories:

As anyone involved in a homeowner association (HOA) or condominium association (COA) knows, management duties can be a full-time job. That’s why many HOA/COAs hire outside association management companies. An association manager can handle many tasks for an HOA/COA. Depending on the association’s needs, a management company can assist with accounting, collect resident fees, process work orders, schedule services, and more. Association managers are expert advisors who will streamline daily operations and help ensure the HOA/COA’s long-term success. Because of this, clients may have misinformed expectations about your role. However, there are many things an association management company DOESN’T do … Continue reading

What Are the Computer System Requirements for Community Association Management Software?

Posted: June 25th, 2019 | Categories:

Community association management is no easy task. You’re responsible for a wide range of duties for the associations you manage. From daily maintenance to big picture projects, it’s your job to ensure your clients’ homeowner associations (HOA) or condominium associations (COA) always run smoothly. When you’re managing associations, the right software can transform your business. Community association management software like CINC Systems provides the tools you need to be an effective, efficient manager. Use association management software to process fee payments, schedule repairs, handle your clients’ finances, and communicate with residents. As you get ready to upgrade and use new … Continue reading

What an Association Management Company Can Do for HOA/COAs

Posted: June 25th, 2019 | Categories:

It can be a lot of work to run a homeowner association (HOA) or condominium association (COA). A successful HOA/COA requires hard work and can be a significant time commitment. From communicating with residents and enforcing rules, to maintaining the grounds and coordinating repairs, association management comes with many challenging duties. That’s why many HOA/COAs benefit from hiring an association management company. An association property manager helps clients with many different aspects of their business. Managers often handle accounting, communications, upkeep, and more. A platform like CINC Systems can help association property managers transform their clients’ HOA/COAs into thriving communities. … Continue reading

The Best Features of Community Association Management Accounting Systems

Posted: June 25th, 2019 | Categories:

Managing a community association can be a lot of work. Whether you’re responsible for homeowner associations (HOAs) or condominium associations (COAs), or both, you’re going to have a lot on your plate. Association managers help their clients with a wide range of tasks, from daily operations to big picture projects. Accounting will often be one of your most important responsibilities. As an association manager, you’ll help with finances for your clients’ HOA/COAs. This can include collecting resident fees, paying bills and vendor invoices, monitoring transactions, and generating financial reports. Association accounting can be complex and time-consuming. Luckily, there’s great software … Continue reading

How Often Should Community Association Management Accounting Software Be Updated?

Posted: June 25th, 2019 | Categories:

Community association management accounting software is a powerful tool for management companies. Whether your clients are large homeowner associations (HOAs) or small condominium associations (COAs), accounting software will make your job much easier. But how often should community association management accounting software be updated? As with any technology, accounting software (and how you use it) will change over time. If you’re using the same community association management software from three years ago with no updates, you’re likely to run into a number of problems. From slow processing speed to security issues, old software can negatively affect your business. That’s why … Continue reading