Accounting - Chart of Accounts

Started by SamuelW2 • 3 replies • 1548 views

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SamuelW2 (Florida)
Posts: 1

Posted:

Our Treasurer just resigned and we are left trying to get on top of our accounting process.
We are using Quickbooks.
I am looking for a Model Chart of Accounts for an HOA to compare it to what we have.
Want to make sure we are covering all the bases.
Where could I find a model COA for a Homeowners Association?
Sam

RoyalP
Posts: 1,104

Posted:

There is no 'model' as QuickBooks generates the chart based upon what the USER inputs.

There may be a 'default' chart.

SteveM9 (Massachusetts)
Posts: 3,699

Posted:

Google "annual report hoa pdf" or change hoa to condo.

Good as an example, but your HOA will be unique and have unique accounts.

Some small HOA's might only have 3 accounts. Income, expenses, reserve.

JaredC (Texas)
Posts: 264

Posted:

I'll give you ours. We have a small HOA 24 Units but the Chart of Accounts is quite good as a baseline. I'm pretty sure I even have it in excel format. I have a junk email account I use "[email protected]" so contact me there and I'll email this thing to you.

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