Education – Accounting

Accounting, budgeting and financial reporting are a responsibility that is extremely important to a Board of Directors in Community Associations.  FS 718, 719, 720 outlines exactly what must be in a budget, what should be reserved and how the association should report the financial results to their owners.

The more that a director can understand how an association operates financially, the better and more valuable that director will be.  Hopefully, this section will be read and used as a resource for current and future community association Board of Directors.

Cash vs. Accrual Accounting

Collections for Associations

Financial Reporting Requirements

How to Read a Financial Statement

Reserves for Community Associations

Reserve Studies for Associations

Year End Financial Reporting for Condominiums

Year End Financial Reporting for HOA’s

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