Accounting software for HOAs
HOA accounting software has to show owners where their dues went and that the reserves are intact. Adopt keeps the association’s books and monthly close current, and the board approves every entry.
How HOAs handle this today.
Operating and reserve money. Reserve funds have to stay separate and accounted for.
Volunteer treasurers. Board members keep the books in their spare time, and they rotate.
Owners ask questions. Every expense needs a clear answer at the annual meeting.
Dues arrive unevenly. Some owners pay early, some late, and special assessments add to the mix.
HOA accounting the board can stand behind
Adopt prepares the work in the background. Your team reviews and approves it, and every approval stays on the record.
Connect your accounts
Link bank and card accounts, or upload statements. Adopt starts from your opening balances.
Dues and expenses coded, with reasons
Assessment deposits, maintenance, insurance and utilities each get a suggested account and the reason behind it.
Review and approve
Approve in bulk or one at a time. Nothing posts until you do.
Close and report
Reconciliations and month-end statements are prepared for you to sign off.
What changes for HOAs
Each account reconciled on its own
Operating and reserve accounts each tie to their own statement, to the cent.
A record that outlasts the board
Every entry shows who approved it and why it was coded that way.
Room for every board member
Add the treasurer, the president and your manager. Adopt is not priced per seat.
FAQs
It records dues and expenses, reconciles the operating and reserve accounts and produces statements for the board and owners. Adopt prepares that work and the board approves it.
No. Billing and collection stay with the tools or manager you use today. Adopt records what reaches the bank and keeps the books reconciled.
Your team does. Adopt prepares categories, matches and journal entries and shows the reason for each one. Nothing posts until someone on your team approves it.
Yes. You can start free and connect your first accounts without talking to sales.
More software for HOAs
Accounting software for other industries
Association books the board can stand behind.
You approve every entry.
Start free and connect your first account. Adopt works on its own, so you do not need another accounting system to begin.
