How Can Association Managers Simplify HOA Accounting & Financials? | AR Management Company
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How Can Association Managers Simplify HOA Accounting & Financials?

How Can Association Managers Simplify HOA Accounting & Financials?
  • August 10, 2021
  • Blog

Simplify HOA Accounting & Financials with Neighborhood Connections

HOA accounting is one of the most integral aspects of any community. Since an HOA operates similarly to a business organization, one financial mishap can lead to inaccurate records and potential overspending. As a board member, it’s essential that your HOA remains in good financial condition.

Benefits of Neighborhood Connections for HOA Accounting Needs

Neighborhood Connections—AR Management’s patent-pending online management platform—allows board members to integrate their accounting and financials into one secure place.

Board members can review all HOA accounting statements and related documents from their office, home, or on the go. Such documents can include:

  • Balance Sheets
  • Budgets
  • Income Statements
  • Accounts Payable Reports
  • Cash Disbursement Ledgers

As a result, board members can keep track and access any financial document, approve vendor payments and review budgets, reports, and statements. This allows boards to save time and manage their accounting seamlessly from a centralized location.

Homeowners can also make payments for maintenance fees directly through the “Payment Center” and view their financial history securely online. This benefits homeowners by increasing confidence and ensuring their payments are safe. It’s also convenient for them to make payments from the comfort of their home by logging in through a desktop computer or on their smartphone.

Manage Your HOA Accounting Requirements with Ease

Does your HOA board want to simplify your accounting and financial documents? Track and access budgets, payments, and more with Neighborhood Connections. Contact AR Management to request a free proposal.

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