Is Your Association Set Up to Prevent Fraud?

By |2020-10-14T15:57:12-05:00March 13th, 2019|

It’s no secret that fraud is a large risk to any organization. There are numerous ways fraudulent activity could take place in an accounting system and it’s important to understand your risk factors and to take into consideration several things to prevent fraud in an association. Smaller associations are [...]

Understanding Accounting to Better Manage Your Association

By |2020-10-21T15:19:08-05:00December 13th, 2018|

As an accountant working with associations, one question I’ve been asked is, “What is the difference between management accounting and financial accounting?” These are two distinctly different areas of accounting, and if you didn’t study accounting, this is probably something you were not aware of. Up until 2016, these [...]

Cash Flow Management for Volunteer Board Members

By |2020-10-15T08:30:27-05:00September 6th, 2018|

As the accounting manager of an association management company, one challenge that I have encountered is that most volunteer association board members do not have a diverse accounting knowledge or background. Most people have an idea of how to manage their personal finances, but this is likely being done [...]

Selecting A Credit Card Processor for Your Association

By |2020-10-21T15:22:43-05:00June 28th, 2018|

Sixty to seventy-five percent of the revenue received by our association management clients is by way of credit card payment. If you can determine the total cost of credit card processing when comparing processors—which is very hard to do—you may find that the company offering the lowest processing rates [...]

Go to Top