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
August 02, 20266 min read