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What is an HOA Income Statement?

/ Owner - July 2, 2019

Unlike a balance sheet which shows a quick snapshot of HOA finances at a certain point, the income statement shows financial information over a period of time. Usually, the period of time is the rate at which you prepare your financial documents whether it be monthly, quarterly, or annually.  The income statement is considered the most important document within the financial statement because it shows the financial direction, whether that be positive or negative, of the community association.    Read the article…………………….

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