Find Out What You've Been Missing
Accounts Receivable Snapshot by Axela is a data aggregation service for community associations. It may be provided on a monthly basis and conveys to the manager and boards of directors a horde of information that cannot be found on standard accounting and financial reports.
Most boards and managers are accustomed to looking at the same set of standard reports when it comes to accounts receivables:
- Balance Sheet, which is statement of the assets, liabilities, and capital of your condo or HOA at a point in time.
- Income Statement, which reports the revenues and expenses of an organization.
- Cash Flow Statement, which shows how changes in balance sheet accounts and income affect cash and cash equivalents, and breaks the analysis down to operating, and financing activities
While these reports are important, they are merely the trees in the whole forest that is your community association's financial position. AR Snapshot reveals the full picture of your association's receivables with over a dozen new data points that you will wonder how you lived without.
Gathered from hundreds of public sources, our data aggregater puts all the pieces together so you don't have to.
Trend data helps your board make important decisions for budgeting, hiring, capital expenditures, investments and more.
Data without understanding is just numbers. AR Snapshot gives you the ability to interpret the meaning behind the data.
Not only do we pull all the data together for you, but we keep updating as it changes each month.
Do You Know Your AR Health Score?
AR Snapshot will review all these data points and, on a balanced scale, determine a score of how your community association is standing regarding delinquent accounts. AR Snapshot is a critical tool in giving you the hindsight of telling you where you were, the foresight of letting you know where you are headed, and the insight to help you decide what to do about it.
The total market value of the property (community association)
The total equity in all the combined units of the association
The average equity per unit
The number of units that are absent of equity
The average mortgage balance of all the units in the community association
The single largest mortgage balance
The number of active delinquent units
The average delinquency amounts
The aging of the delinquency amount
The largest delinquency
The annual change in delinquencies
The monthly change in delinquencies and what the trend is
Of the all the delinquent units how many have equity and how many do not have equity
How it Works
Our proprietary software platform reaches out far and wide into public domain sites and retrieves information on each single unit in your community association, and we analyze that data and put it all in a very easy to understand report that clearly conveys this critical information.
We will need access to your accounting records to provide a complete AR Snapshot.
Updated on 2019-12-17T15:33:51-05:00, by .