Online Banking Integration
Many financial management chores for your consumers are included in managing a homeowner's association (HOA). It's all part of the job, from paying invoices to balancing the finances. The process of combining each of your clients' financial accounts to one place is referred to as online banking integration (also known as bank reconciliation) in HOA accounting. For example, let's imagine your client has a reserve fund managed by one bank or credit union and general operating money collected by another financial institution. Using banking integration, you may add each account to your association management software's dashboard. To view all of your client's accounts, you need to log in to one location.
