HOA management, HOA board, Vendor Management, Work Orders, HOA Operations, Financial, Board Tips
HOA Vendor Management: End the Email Treasure Hunt
The Short Answer Good HOA vendor management connects five things that usually live in five different places: the vendor's business profile, the work order, the job conversation, the invoice, and the payment status. When those records share one workflow, the board does not have to search three…
Team HOAfy
HOA management, HOA board, HOA accounting, HOA operations, Financial, Compliance, Board Tips
From Leaky Roof to General Ledger: HOA Work Orders and Vendor Bills
The Short Answer An HOA work order tracks the operational job: what needs repair, who is doing it, the estimate, and the completion status. A vendor bill tracks the accounting obligation after the work and invoice are reviewed. Posting the bill should debit the correct expense account and credit…
Team HOAfy