Pre-Budgeting Everyone seems to dread the annual association budget process. It can be time consuming. Decisions related to assessment increases are sensitive. Costs are increasing. How do Boards squeeze more Read More >>
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Annual Audits
What is an audit? The objective of an audit is to provide an opinion about whether the financial statements present information fairly, in all material respects, and in conformity with Read More >>
Your Association’s Year End Accounting Review
Most associations have fiscal years that end on December 31. If an association does not obtain an independent audit by a Certified Public Accountant, it is perhaps more imperative that Read More >>
Reading Financial Statements Series© Fund Accounting for Associations
Fund Accounting for Associations – Basics Whether preparing an annual budget or a reserve study, it is important to know how much money is available to spend and where the Read More >>
Reading Financial Statements Series© Basis of Accounting – Know Your Reports
Basis of Accounting – Know your Reports is the 7th blog in our Reading Financial Statements Series © Basis of Accounting – Know your Reports Question: If three different Read More >>
Reading Financial Statements Series© Balance Sheet Part 6 – Fund Accounting for Assessments and Expenses
Fund Accounting for Assessments and Expenses is the 6th blog in our Reading Financial Statements Series © Fund Accounting for Assessments and Expenses Community Associations use a system Read More >>
Reading Financial Statements Series© Balance Sheet Part 5 – Prepaid Expenses
Balance Sheet Part 5 – Prepaid Expenses is the 5th blog in our Reading Financial Statements Series © Prepaid Expenses A prepaid expense is an expense an association Read More >>
Reading Financial Statements Series© Balance Sheet Part 4 – Accounts Payable & Accrued Expenses
Balance Sheet Part 4 – Accounts Payable and Accrued Expenses is the 4th blog in our Reading Financial Statements Series © Accounts Payable and Accrued Expenses A payable is Read More >>
Reading Financial Statements Series© Balance Sheet Part 3 – Receivables
In our last blog we introduced you to balance sheets: the first in our Reading Financial Statements Series © In this and following blogs we will explore some balance sheet Read More >>
Reading Financial Statements Series© Balance Sheet Part 2 – Cash
We introduced you to balance sheets in our last blog, which was the first in our Reading Financial Statements Series © In this and following blogs we will explore Read More >>
