Accounting

 

How to Leverage HOA Technology to Reduce Operating Costs

A considerable part of a Property Manager’s job revolves around controlling expenses. Property maintenance, community visits, and homeowner communications all necessitate additional workforce and relevant costs. Each purchase and labor expense must be analyzed to ensure that the expenditures are not greater than the profit. Fortunately, we live in a time where technology is at […]

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Calculating ROI for Property Management Software

Asking yourself if property management software is worth the cost? We have a hunch that once you realize how much you’ll reap in savings, you’ll be ready to make the investment. An ROI calculation can help you get an idea of how much you’ll save. ROI stands for return on investment, and it reveals whether […]

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What Do I Need to Prepare for a Year-End Audit?

Let’s wrap up 2021 with this free one-hour webinar dedicated to preparing for your community association’s year-end audit. Our VP of Financial Services Division, Vishnu Sharma, provides an overview of the community association industry, financial reporting requirements, and more! Here’s what you can expect to learn from this webinar: Community association industry overview Financial reporting […]

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Getting the Most Out of TOPS [ONE]

Many property managers are trying to find ways to increase their efficiency and save time. The best way they can do this is by implementing TOPS [ONE] into their business. Adopting the right property management software will simplify your daily operations from managing finances to engaging with homeowners and working with vendors. Let’s look at […]

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How The Right Technology Helps Increase Your Team’s Overall Efficiency

The average annual percentage of labor productivity dropped between 2007 and 2019, coincidentally at the same time when the modern-day versions of smartphones rolled out. Did technology cause a massive drop in productivity? Technology can be a blessing or a curse to businesses. Still, it’s no secret that applying the right technology is an asset […]

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How to Get More Done in 8 Hours with TOPS [ONE]

If you are a property manager, we know it can be challenging to find time in your day to finish everything on your to-do list. All too often, we hear that there are just not enough hours in the day. But what if we told you there was a way to get more done, without […]

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Simplify and Automate Your Community’s Invoicing

Community associations often face the problem of managing many invoices and payments. This process can quickly become overwhelming for a community, especially if they are not equipped with a professional invoicing system or the right people to manage it. From manual data entry to processing checks, communities could experience drastic improvements by simplifying their invoicing […]

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10 Pitfalls to Avoid During Budget Season

Are You Ready to Prepare Your Community Association’s Annual Budget? It’s that time of year again. Join us while TOPS discusses the 10 pitfalls to avoid during budget season and how TOPS can assist you in developing your annual budget each year. FREE Download: 10 Pitfalls to Avoid During Budget Season In this PDF, Vishnu […]

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How TOPS Helps You Manage Your Entire Community with [ONE] System

Does this sound like a typical to-do list for your mornings? Follow-up with a third-party vendor for the fourth time this week about a roof leak Send an email blast to residents about a broken pool heater Review financial statements Prepare a budget In the day of “there’s a tool for that,” Property Managers typically integrate […]

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How to Streamline Your HOA Financial Reporting

How to Streamline Your HOA Financial Reporting The first step in streamlining anything is to clean up and get organized. HOA boards still working on spreadsheets or multiple systems are prone to face issues with incorrect data in their HOA financial reporting. Multiple users and many versions of similar files could be putting your association […]

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