A board member’s duties include taking care of the HOA’s yearly budget, monthly spending, and reserve funds. While HOAs usually hire management companies and accountants to help oversee how the association’s money is being used, it is still important for board members to understand how the HOA’s finances work because ultimately, the responsibility lies with them.
Join us for a brief explanation of how accounting methods work, an introduction to some basic financial documents, and the basic aspects of budgeting HOA funds.
Click here or the image above to learn how to amplify your accounting knowledge.
To learn more about Spectrum’s turnkey HOA management services, contact us today to speak with one of our experienced team members. We look forward to showing you why our customers consider us refreshingly different!
