Setting Up Your HOA General Ledger

A general ledger allows you to record all of your HOA financial transactions and keep a record of your balances in all your accounts. Rowcal property managers can help you update your HOA general ledger.

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Common Bank Reconciliation Errors That Throw Your Accounting Off

Bank reconciliation errors can throw your accounting off and complicate your accounting process. RowCal online accounting software can help you keep your HOA’s accounting straight.

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What to Include in a Quarterly Financial Report

A quarterly financial report is a summary of the performance of your HOA over a three-month period. The report allows you to monitor and update your organization’s portfolio at shorter intervals while maintaining greater accountability with your board, members, property manager, all stakeholders, and federal and state regulatory agencies.

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Understanding the Three Components of Governing Documents

A homeowners association’s governing documents include documents that regulate the operation of the association and the common interest it was formed to manage. There are three types of governing documents:

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What is an Ice Dam, and How Can You Prevent One?

Although it’s freezing outside, the surface temperature of your roof may be above freezing due to the warmth of a building’s interior. Since heat rises, warm air can get into the attic and keep the roof warm enough to melt snow when it lands on the surface.

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Time-and-Materials vs Fixed Time: How to Setup Your Contractor Outsourcing Agreements

Selecting the right pricing structure with vendors can be difficult because the structure should align with your organization’s operating procedures, budgetary goals and what products and services the vendor provides.

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How to Prepare Your HOA to Handle Winter Emergencies

Although winter is in full swing, there are still several months of cold weather ahead. Snow and ice may still be on the way. But it’s not too late to make the necessary arrangements to prepare your HOA for winter weather. As an HOA board, you can help your community stay safe this winter.

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How to Prepare a Workable HOA Budget

Budgeting for an HOA includes disclosures to association members, time restrictions, assessment limitations, and more — all necessary to remain compliant with local Minneapolis and Minnesota state Civil Codes. Below, we outline each step of the budgeting process to create a workable and legal budget for your organization.

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How to Conduct a Meaningful and Successful HOA Board Meeting

A successful HOA board meeting involves strategic planning and organization, as well as thoughtful execution. Board meetings by nature are less than inspiring to members and board members alike. Therefore, if you don’t want members to perceive that the meeting is a waste of time, it’s up to you to provide a meaningful gather filled vital information.

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What Your HOA Needs to Know When a Member Moves Away

The first thing you need to know when an HOA member moves away is that your HOA board needs to prepare for the move in advance, A.K.A. before the new member moves in. If you have no HOA regulations set in place, then you have no legal right to enforce anything on the member who is moving away.

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