Every professional knows that you need the right tools to do the job well. The same is true in accounting – the right solution makes your job easier and aids in getting accurate results.TOPS Professional has been designed from the ground up with our proprietary accounting modules which complies with the American Institute of CPAs guidelines for Condominium and Homeowners Association accounting. This means a complete audit trail, fund balanced general ledger, and cash, accrual, or modified accrual accounting. So no matter whether you’re looking to implement TOPS Professional in a bookkeeping operation to serve the Condo/HOA industry or are the head accountant for a management operation, TOPS puts a powerful suite of accounting tools at your fingertips that was created solely for the property management industry.
 

Comply with Accounting Best Practices

TOPS Professional takes the guess work out of running a Condo/HOA accounting operation. The AICPA offered guidelines for community association management many years ago, and their guidelines are the framework TOPS Professional is built around. Per the AICPA guidelines, TOPS keeps a complete audit trail, gives you the option of doing fund balanced accounting, and supports multiple accounting methods (cash, accrual, modified accrual). With this logic built in it means you don’t have to do anything extra to keep your community in compliance and get the accurate, professional looking reports you’re looking for.
 

Easy to Setup and Use

TOPS Professional not only makes it easy for you to run an accounting operation built for the Condo/HOA industry, but setting everything up from day one and using TOPS is really easy. Startup “Wizards” walk you through setting up your communities and the ability to copy the general ledger, vendors, and other key data from one community to the next means not having to duplicate your work. From our intuitive interface and easy to navigate menus to our excellent reporting, TOPS is very simple to operate. TOPS Professional makes it easy for people with varying degrees of accounting knowledge to correctly prepare financials. This means less training headaches for you and your team and higher productivity.
 

Integrate with the Cloud

TOPS is excited to now be able to offer a hybrid solution that integrates TOPS Professional, the back-office accounting solution with TOPS OnPoint, the cloud-based community management platform. This allows you to integrate the best of both worlds into your management solution - accountants and in-office employees harness the power, stability and structure of the TOPS Professional accounting solution, while your community association managers and on site managers reap the benefits of TOPS OnPoint which offers a web based, dashboard driven community management solution.
 

TOPS Accounting Benefits

Cash, Accrual, or Modified Accrual accounting

User-friendly design

Complete audit trail

Departmentalized accounting (if needed)

Automate cash receipts with Lockbox processing or ACH direct debit

Simplifies complex accounting transactions

Real-time general ledger

Customizable financial statements

MICR check printing

Remote check deposit processing

Online A/P approvals

Payable lockbox service

Email statements and invoices