260 views 40 sec 0 Comment

Understanding HOA Bank Statements

/ Owner - July 2, 2019

HOA bank statements are just as they sound: a statement from the bank showing all deposits and withdraws from each association account over a certain period of time. The most effective way to prevent fraud within your community association is to keep a close eye on bank statements. Most associations have at least two accounts: an operating account for regular costs of running a community association and a reserve account for setting aside funds for future projects.    Read the article……………………….

Comments are closed.