Program for HOA

Homeowners Association

A homeowners' association is a form of management based on the association of residents united by common interests for self-government of an apartment building or groups of buildings. The purpose of this association is to ensure comfortable living, organize repairs and improvement of the building.

Accounting for a homeowners association - where to start?

Accounting of HOA - where to start? Surely you have this question, especially if you are the head of such an association. In this review, we will tell you in more detail about the accounting activities in this area, as well as about the tools that will help to successfully implement it.

Accounting in a homeowners association

Accounting in a homeowners' association has its own peculiarities. This is due to the fact that the association does not operate on a commercial basis, but at the same time it receives money, it carries out business activities and is obliged to take into account income, expenses and liabilities.

HOA - accounting

HOA - accounting aims to ensure transparency of finances and correct distribution of funds collected from homeowners. For efficiency of processes, it is best to conduct activities through a special program. We suggest using USU.

Through the USU, you can register contributions for the maintenance and repair of common property, work with utility payments, record receipts for the rent of common areas, antennas, advertising and other sources.

Accounting of HOA

The accounting of the HOA includes expenses, for example, for the payment of utilities, salaries of employees: manager, accountant, janitors and others, repair and maintenance of common property, administrative expenses, for example, for office supplies, communications and others. All these operations can be carried out through the USU.

Accounting for HOA

Accounting of the HOA uses a standard chart of accounts. For example, the account "Targeted financing" is used to register contributions from owners for the maintenance of common property. Other accounts are also used: "Settlements with debtors and creditors", "Settlements with personnel for wages", "Settlements with suppliers and contractors" and others.

Registration in the HOA

Accounting in the HOA is associated with the formation of reports. If we talk about accounting reporting, then the important components are: Balance sheet, report on the targeted use of funds and on the movement of funds. These components cannot be ignored, they are regulated by law.

Accounting in HOA

Accounting in the HOA involves cash transactions and work with bank accounts. This is due to the fact that the association can conduct settlements both in cash and through bank accounts. All payments must be recorded in the cash book or in statements on the current account. This is easy to achieve if you conduct accounting activities through the USU.

Accounting in HOA on the simplified tax system

Accounting in a housing cooperative on the simplified tax system is associated with control and audit. According to the terms of the association, residents have the right to check the financial activities of the association. Therefore, internal audits and control by regulatory authorities can be carried out. With the help of the simplified tax system, you can achieve transparency of operations and compliance with legal requirements. This will help to eliminate financial violations and ensure trust on the part of the owners.

Automation of HOA

Automation of the HOA from USU will provide more opportunities for managing activities. For example, through the software it is easy to manage residents and objects. It is possible to maintain databases on owners, tenants and premises. You will be able to store information on personal accounts, debts, payments and so on.

Program for HOA

The program for HOA will allow you to organize financial control and calculations. You can conduct automatic calculations for payments for utilities, maintenance and repairs. Integrations with banking systems for automatic offsetting of payments, the formation of notifications about debts and the distribution of invoices and receipts through various communication channels will be available to you.

Programs for HOAs

Often, programs for HOAs plan and control work. For example, in USU you can create schedules for planned inspections and repairs, keep records of completed and planned work by contractors, analyze the efficiency of the association and plan the budget.

Accounting for HOA is inextricably linked with document flow. In USU, you can not only generate, but also store documents: contracts, acts, reports, etc. A template format of work is also available. Through USU, you can generate reports on expenses and incomes, based on the data, you can prepare documents for general meetings and reporting to residents.

Crm for HOA

Crm for HOA from USU will provide opportunities for communication with residents. For example, through the system you can launch mass mailing of notifications: SMS, e-mail, messengers and even voice. If necessary, we can develop an application for residents for closer interaction.

Buy a program for HOA

Where can I buy a program for HOA? From USU. We invite you to visit our website and watch the available video reviews in this area. Reviews, presentations, channel subscription, trial version and many other options are also available to you.