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How to simplify accounts receivable for your condo/HOA
Author:
Kim Brown
Publication date:
May 26, 2023
Article Summary:
The blog post titled "How to Simplify Accounts Receivable in Condos and HOAs" provides insights and strategies for simplifying the management of accounts receivable in condominiums and homeowner associations (HOAs). It discusses the challenges faced by associations in collecting dues and assessments, and offers practical tips to streamline the accounts receivable process. The article suggests implementing clear and consistent payment policies, leveraging technology for automated invoicing and online payment options, establishing effective communication channels with owners, and utilizing professional help when necessary. By implementing these strategies, condo boards and HOAs can improve their accounts receivable processes, enhance cash flow, and maintain healthy financial operations.
Keywords:
Accounts receivable, condominiums, homeowner associations, dues, assessments, payment policies, technology, invoicing, online payments, communication, cash flow, financial operations.
Source Citation:
Kim Brown
How to simplify accounts receivable for your condo/HOA
May 26, 2023
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