Webmaster | Berel Accounting

Is Your HOA Breaking the Law? Why Your Accounting Method Matters More Than You Think.

by Webmaster | Dec 10, 2025 | Condo Accounting, HOA Fees

For most Homeowners Associations (HOAs), accrual basis accounting is the recommended and often legally required method as it provides a more accurate and comprehensive financial picture compared to cash basis accounting. While cash basis offers simplicity, accrual accounting aligns better with GAAP principles, presents a true reflection of assets, liabilities, and financial performance over time, and is essential for effective long-term financial planning and compliance.

Step-by-step guide to HOA budgeting and accounting

by Webmaster | Nov 14, 2025 | Condo Accounting, HOA Fees

Your homeowners association (HOA) or condo community thrives on sound financial management. To ensure clarity, confidence, and compliance for your HOA board and community managers, a robust budgeting and accounting framework is essential. This guide provides a step-by-step approach to mastering HOA finances, allowing you to build stronger communities without the stress of financial surprises

Safeguarding Your Community’s Future: 5 Critical Financial Mistakes HOAs Make (And How Berel Accounting Prevents Them)

by Webmaster | Oct 17, 2025 | Condo Accounting, HOA Fees, Payroll

Managing a homeowner association or condo association involves more than just maintaining common areas and enforcing bylaws; it demands meticulous financial stewardship. Board members, often volunteers, carry a significant fiduciary duty to protect and enhance...

Guide to Condo Association Accounting

by Webmaster | Sep 11, 2025 | Condo Accounting

Navigate the complexities of condo association accounting with this expert guide from Berel Accounting. Learn about crucial financial management practices, from budgets and reserves to essential reports, ensuring the fiscal health and compliance of your homeowners association. Discover how precise accounting safeguards your community’s future.