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RichardC19 (Virginia)
Posts: 1
Posted:
I am the Treasure for our small HOA. (213 lots, about 90 owners, under 10k budget) I currently use Quicken Home and Business over the last 2 years. It takes over 4 hours to create all of the invoices and they do not reflect their current balance. (Must print Statements if balance is other than zero.) I have been looking at possibly trying the Quicken Rental Property Manager to see if it will improve the process. Does anyone use a different software that seems to work better for HOA's?

Thanks
TimB4 (Tennessee)
Posts: 21,059
Posted:
Hi Richard,

With the current posting rules for this forum, it's difficult to have a good discussion on the pros and cons of the many software products out there.

The concerns with any software product are:

1) What about the person after you? The person who follows you (or follows the next person) may not be comfortable with the software. When this happens, it may simply not be used.

As an example, we had an Architectural Chair spend a great deal of time developing a database of all the requests, approvals/disapprovals, membership lists and violations. The person who followed them didn't know the program (MS Access), so never updated the database. I was on the committee 5 years later and discovered the data on a loose thumb drive in one of the boxes. The data was so out of date and the committee had gone back to pen and paper, that the work put into developing the data was wasted.

2) Hardware availability Will the Association purchase a dedicated laptop or will each treasurer be required to utilize their own computer?

3) Software Requirements Related to hardware availability, if each person is using their own computer what about licensing agreements with the software and compatibility issues between software platforms?

4) Data Backup What plan will be in place to back up the data in the event of data loss?

Our Association, Self managed, 130 lots, used excel to track income and expense statements along with budgeting, MSWord for word processing and paper ledgers. Recently, this year, I've been able to develop a spreadsheet for lot ledgers and we are trying this for 2016. All of these materials are readily available and rarely has there been issues.

Hope this helps,

Tim
DouglasK1 (Florida)
Posts: 2,046
Posted:
Batch invoicing is a great thing!
http://www.hoatalk.com/Search/ForumSearch/tabid/87/forumid/1/postid/200229/view/topic/Default.aspx

Escaped former treasurer and director of a self managed association.
TimB4 (Tennessee)
Posts: 21,059
Posted:
Quote:
Posted By DouglasK1 on 01/08/2016 7:37 PM

Batch invoicing is a great thing!

We create payment books and mail them out along with the budget each year.
This way it's only one mailing.
TimB4 (Tennessee)
Posts: 21,059
Posted:
Richard,

Here are links to the past threads on this forum about the software issue. Please do not respond (reactivate) to those threads. If you have additional questions or comments, post them in this thread. Note: the last two have additional links in those threads.

Subject: Small HOA software package

Subject: HOA Software

Subject: Budget Software

Subject: HOA Management Software

Subject: HOA software (a different thread then the earlier one with the same subject title)

Subject: HOA software suggestions

Hope this helps,

Tim

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