Some Boards are hesitant to change accounting mid fiscal year. The fear may be that the accounting for the fiscal year end will be convoluted or inaccurate and can interfere with a year-end audit or tax filing. Or the fear may be that it is a lot of work. You don’t have to fear the mid-year accounting change. To help explain I will answer the question: how does transitioning HOA or Condo Community accounting work? Read the article………………………..
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