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Clark SImson Miller
Clark SImson Miller
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  • Home
  • Our Services
    • Financial Management
    • Back Office Services
    • Collection Services
    • Insurance
    • Homeowner Communication
  • Why CSM?
    • Expert Financial Management
  • About CSM
    • Client Profile
  • Support
    • E-payment
    • Homeowner Request Forms
    • Industry Resources
  • Contact

Daily Archives: March 7, 2019

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What a Cash Basis means for HOA Financial Statements

UncategorizedBy adminMarch 7, 2019Leave a comment

There are three main bases for accounting: cash basis, accrual basis, and modified accrual basis. The basis of your accounting determines how and when you record transactions. While it may seem like these are simply three different ways to report the same information, they can have a dramatic impact on how your community or homeowners…