As an HOA board member, it can be difficult to determine which accounting method is appropriate for your community. If you choose the wrong type, you could be looking at added stress and problems down the road. And since switching accounting types mid-year is not a good solution—you would be left with a headache of skewed statistics and numbers—it’s best to have the information beforehand so you can make the best decision for your HOA. Read the article…………..
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