Assessment billing and receivables
Post charges, track owner balances, process receipts, and support delinquency reporting.
For self-managed and fully managed associations
Association accounting that boards can understand and oversee.
Keep financial operations organized with assessment billing, accounts payable, reconciliations, reporting, collections support, budgets, and accessible records.
Core accounting services
A repeatable monthly process keeps boards informed.
Accounts payable
Receive invoices, organize approvals, issue payments, and maintain supporting records.
Bank reconciliations
Reconcile association accounts and identify unresolved differences.
Financial reporting
Deliver balance sheets, income statements, budget comparisons, and supporting schedules.
Budget support
Help boards build and monitor practical operating and reserve budgets.
Year-end readiness
Maintain organized, CPA-ready records for tax, review, or audit work.
Designed for oversight
Boards should be able to review, approve, and understand the association’s finances.
Board approval
Directors retain approval authority for expenses and financial decisions.
Real-time access
Use the board portal for reports and supporting documentation.
Member account access
Owners use the member portal for balances, payments, and account information.
Clear questions
Accounting inquiries are routed by issue instead of relying on a generic inbox.
Common questions
Helpful answers
Can a self-managed association hire only the accounting team?
Yes. Accounting-only service lets the board manage community operations while myHomeSpot handles defined financial processes.
What is included in a proposal?
The proposal should identify the association’s account volume, assessment schedule, reporting needs, banking structure, collections workflow, and optional services.
Where do owners pay assessments?
Start at the HOA Payment Center, which explains online, mailed, telephone, and in-person payment options.
Need help?
We’ll connect you with the right team.