If you’re part of an HOA financial committee, then reviewing HOA finances is not just a responsibility. It’s a habit that will save your association from problems down the line. So, how do you review HOA bank statements and other transactions and not miss anything? If you're part of an HOA financial committee, then reviewing HOA finances is not just a responsibility. It's a habit that will save your association from problems down the line. When analyzing financial statements, it's important to compare multiple periods to determine if there are any trends as well as compare the company's results to its peers in the same industry.
