Community Association Financials
AppFolio is built on a robust accounting software foundation to ensure that you only need one solution for all of your community association management needs.
Keep boards informed about the financial health of their association from anywhere.
Streamline accounting with Automated AP and Bank Integrations.
Move faster with online board approvals and in-app communication tools.
AppFolio has helped us do more with less. Bookkeeping used to take 3 days to reconcile and now it's down to 4 hours. Bill paying went from 9 hours down to 3. These are just a couple examples of efficiencies and time saved.
Accounting
Powerful Accounting Tools to Retain and Delight Your Customers
Accounting is the backbone of your company, and that's why it's at the heart of AppFolio's comprehensive community association management software. Real-time data, expansive bank integrations, and automated tools give you the edge you need to keep your boards informed and happy.
Corporate Accounting
Consolidate and Streamline Your Financials with Corporate Accounting
Corporate Accounting supports community association management with the ability to keep all of your corporate books in one place, enabling you to record corporate transactions in a separate chart of accounts, process payables and receivables, and automatically create bills and invoices between corporate and property books.
With Corporate Accounting, you can:
- Record corporate transactions in a separate chart of accounts
- Automatically create bills and invoices between corporate and property books
- Bill back associations for management fees, admin work, vendor bills, and costs for common area maintenance
We anticipate future synergies between property and corporate accounting will further reduce the workload of the corporate accounting staff by at least 50%.
Reporting
Detailed Reporting, Available 24/7, On Any Device
AppFolio's reporting tools provide your boards with the visibility they need into the financial health of their association. Easily adjust and sort columns and fields to tailor the format to what works for you. Drill down into specific items within a report to get even more detail to help make smarter business decisions.
Build trust and deliver accurate financials by providing reports like:
- Multiple Fund Account Reporting
- Delinquency Reporting
- Board Member Packets
Our reporting has been greatly improved for our associations. AppFolio's reports are clear and easy to read while being customizable to exact board specifications.
Streamline Your Accounting Workflows.
Get a DemoSmart Bill Entry
Smart Bill Entry uses AI technology to automatically process invoices with ease and speed, allowing your team to spend less time on manual entry and more time on the work they need to focus on.
Smart Bill Entry reads PDF invoices, identifies key information, and automatically enters that information into AppFolio. Instead of manually transcribing every field of every bill, all you have to do is review and approve.
With Smart Bill Entry, you can:
- Increase efficiency
- Automate manual processes
- Improve data accuracy
The new invoicing system is phenomenal. The vendor can just send an invoice in. The software scans it, automatically enters it, and we verify it. The manager can approve it, and the check gets mailed automatically through your system.
Automated AP
Automate Your Entire Accounts Payable Process
Take our Smart Bill Entry feature to a whole new level by automating your entire Accounts Payable task set. From receiving invoices to data entry, Automated AP processes your invoices for you, so you can eliminate manual entry and free up more time to focus on the future of your business.
Increase efficiency and accuracy with a solution that scales with your business:
- Automatically scale AP to meet your monthly demands
- Pay only for usage
- Eliminate manual scanning and data entry
- Increase the speed of invoice processing
- Boost accuracy
Online Payments
Receive Dues and Assessments Faster with Online Payments
Homeowners can easily make online payments directly from the AppFolio Online Portal and set up autopay to ensure timely payments. Payments can be made via credit card, debit, or eCheck, and best of all, the eCheck option is free to both the management company and homeowners.
Bank Integrations
Automate and Streamline Your Processes with Bank Integrations
AppFolio has partnered with major banks, such as Alliance Association Bank, Pacific Premier Bank, CIT, Union Bank, and CheckAlt to provide you with additional features like automated lockbox, bank statements, Accounts Receivable (AR) check images, and auto reconciliation to streamline your accounting processes.
Board Approvals
Speed Up Association Business with Online Board Approvals
Board members can easily sign checks and approve invoices through their AppFolio Online Portal, ensuring that association business can move quickly. In-app communication allows board members to ask questions and resolve issues related to association business without having to organize meetings or pick up the phone.
Vendor eCheck & Bill Pay
Easily Pay Vendors with Online Payables
Pay vendors directly from AppFolio via paper checks that are printed and mailed out on your behalf. You can also utilize AppFolio eChecks and BillPay that simplify the ACH set-up process with your banks; minimizing all future bank set-up when adding accounts and ensuring that all funds are extremely secure with multi-factor authentication on all outbound payments.
Automate Your Associations
Running healthy community associations means managing time and budgets wisely. Find out how the right software can revolutionize your business.
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