Preparing an annual budget for your HOA can be a long and arduous process, but it doesn't have to be. By efficiently gathering all of the information you need and following clear steps, you can implement a new budget in no time.
A well-prepared budget is an effective management tool as it enables you to see if you are on track to meet goals or if corrections are needed mid-course.
Run this HOA Budget Preparation Checklist on an annual basis, ideally 3 months before the end of the fiscal year, to prepare your budget as efficiently as possible.
A little info about Process Street
Process Street is superpowered checklists. By using our software to document your processes, you are instantly creating an actionable workflow in which tasks can be assigned to team members, automated, and monitored in real-time to ensure they are being executed as intended, each and every time.
The point is to minimize human error, increase accountability, and provide employees with all of the tools and information necessary to complete their tasks as effectively as possible.