At a Board meeting, a Board member stated the Association had liens outstanding. The Treasurer in the financial reports has never posted any liens or amounts. As a lien is money owed to the Association, should this lien amount be accounted for in the financials given to unit owners?
Can a Statutory Reserve Account be maintained withinn the Association Accounting using only one bank account?
We are a small association of 6 units, so do we need to file a tax return even though we aren't making money?
Financial Tips for Self-Managed Associations View >
The ins and outs of handling finances without the use of a professional manager.
Cash vs. Accrual Accounting View >
The differences between cash and accrual accounting.
Internal Controls of Accounting View >
10 commandments of internal controls for your association
Annual Accounting Services View >
This explains the different levels of accounting services between audits, compilations and reviews
Contact Cantey Associates, CPA's
Contact TOPS Software
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