Reduce Your Accounts Payable Workload by Half in 2022

Accounts payable (AP) is the bane of every property manager’s existence. Every month, you have to process an assortment of mailed and emailed invoices from contractors and vendors, enter them into your software system, reconcile if necessary (which it always seems to be), pay them on time (or not)… and that’s just for one community! […]

READ MORE

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 […]

READ MORE

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 […]

READ MORE

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 […]

READ MORE

5 Reasons Why Automation Is a Game Changer for 2021

Changing the Way We Do Business in 2021 There are several big tech trends to look forward to in 2021, with automation being at the forefront. Automation is designed to make work easier by automatically generating information. For community managers, there are a lot of automation options when it comes to things like collections, accounting, […]

READ MORE

How to Audit During a Pandemic

Preparing For Your Community Audit When running an HOA or community association, it’s important to be aware of your state’s rules regarding community audits. Many states require HOA communities to perform an audit once a year, and even if your state doesn’t, you should budget for one anyway. Audits are important in determining your community’s […]

READ MORE

5 Things to Consider When Budgeting for 2021

Preparing for Budget Season With the start of the new year comes a lot of future planning for community managers. This means taking a hard look at your financials and determining how you will budget for the new year. Your annual budget effects all aspects of your community. How much will you spend on the […]

READ MORE

Still Doing Manual Entry of HOA Account Receivables? Not Anymore!

Time to Get Automated At TOPS, we know there usually aren’t enough hours in the day for all your property management needs. That is why we strive to make our software as simple as possible and offer various forms of automation. With automated services, you can complete a number of tasks before they become an […]

READ MORE

What You Need in Your HOA’s Financial Reporting Package

Get the Best Financial Reporting with More Features Financial reporting can be a tricky area for many property management companies and HOAs. It’s important for companies to have accurate financial reporting for many reasons. If your reporting is off, then you leave your community open to financial or even legal issues. If reporting is accurate, […]

READ MORE

Are You Still Using QuickBooks to Manage Your HOA? What You Need to Know About HOA Software

QuickBooks Vs. HOA Software QuickBooks or traditional HOA software? That is a question communities face when it comes time to pick the best HOA software for your community accounting. It’s true QuickBooks will work for any HOA and allow you to handle your accounting in one system. However, this may not be the best option. […]

READ MORE