{"id":19240,"date":"2022-12-07T20:38:00","date_gmt":"2022-12-07T20:38:00","guid":{"rendered":"https:\/\/adda.io\/blog\/?p=19240"},"modified":"2024-07-03T08:59:18","modified_gmt":"2024-07-03T08:59:18","slug":"block-level-accounting-advanced-association-management-architecture","status":"publish","type":"post","link":"https:\/\/adda.io\/blog\/2022\/12\/block-level-accounting-advanced-association-management-architecture\/","title":{"rendered":"Block Level Accounting &#8211; Advanced Association \/ Society Accounting Architecture"},"content":{"rendered":"\n<p>Is your Community structured in the below way?<\/p>\n\n\n\n<p>One Large Association and multiple large blocks that are best tracked separately?<\/p>\n\n\n\n<p>Large Communities have unique challenges when it come to Association Management.<\/p>\n\n\n\n<p>Below is a way that many large Communities structure themselves.<\/p>\n\n\n\n<p>Each Block maintains its own Bank Account. Sometimes it\u2019s own Books of Accounts \/ P&amp;L as well!<\/p>\n\n\n\n<p>The Clubhouse \/ Sports Facility is maintained separately with its separate Bank or Accounting.<\/p>\n\n\n\n<p>The Common Expenses are to be Maintained separately with its separate Bank and Books of Accounts !<\/p>\n\n\n\n<p>So, basically 3 levels of Books of Accounts.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"571\" src=\"https:\/\/adda.io\/blog\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-03-at-2.11.18-PM-1024x571.png\" alt=\"multi level accounting + bank accounts for communities\" class=\"wp-image-19245\" style=\"aspect-ratio:1.7933450087565674;width:708px;height:auto\" srcset=\"https:\/\/adda.io\/blog\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-03-at-2.11.18-PM-1024x571.png 1024w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-03-at-2.11.18-PM-300x167.png 300w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-03-at-2.11.18-PM-150x84.png 150w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-03-at-2.11.18-PM-768x428.png 768w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-03-at-2.11.18-PM-1170x652.png 1170w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-03-at-2.11.18-PM-585x326.png 585w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-03-at-2.11.18-PM.png 1346w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div>\n\n\n<p>Not that complex and expected from a good ERP right?<\/p>\n\n\n\n<p>Yes, UNLESS you need the Resident to have a SINGLE view of all the above! On their single App without having to log in to multiple views!<\/p>\n\n\n\n<p>This is where the clean Beauty of the ADDA App comes in!<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1024\" src=\"https:\/\/adda.io\/blog\/wp-content\/uploads\/2024\/07\/ADDAAppimage-1024x1024.png\" alt=\"ADDA App screenshot for owners tenants\" class=\"wp-image-19247\" style=\"aspect-ratio:1;width:317px;height:auto\" srcset=\"https:\/\/adda.io\/blog\/wp-content\/uploads\/2024\/07\/ADDAAppimage-1024x1024.png 1024w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2024\/07\/ADDAAppimage-300x300.png 300w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2024\/07\/ADDAAppimage-150x150.png 150w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2024\/07\/ADDAAppimage-768x768.png 768w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2024\/07\/ADDAAppimage-1536x1536.png 1536w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2024\/07\/ADDAAppimage-2048x2048.png 2048w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2024\/07\/ADDAAppimage-1920x1919.png 1920w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2024\/07\/ADDAAppimage-1170x1170.png 1170w, https:\/\/adda.io\/blog\/wp-content\/uploads\/2024\/07\/ADDAAppimage-585x585.png 585w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div>\n\n\n<p>Right on the ADDA App, the Resident gets a Single View, where they see Invoices from their Block Books of Accounts. They pay, payment makes automatic entries to the Block Books of Accounts.<\/p>\n\n\n\n<p><br>On the same view they can book Amenities and pay to the Clubhouse Books of Accounts!<br>And so on\u2026!<\/p>\n\n\n\n<p>They can also see their Common Gate Update. Receive the Common Announcements, Book Helpdesk Requests managed by their common Helpdesk Team!<\/p>\n\n\n\n<p>If you need this \u201cBlock Level Accounting\u201d Solution <a href=\"https:\/\/adda.io\/contact\"><strong>contact us here<\/strong><\/a><\/p>\n\n\n\n<p>Is your Large Scale Community structured differently? Talk to us, our Advanced ERP Architecture as well as Advanced GateKeeper Architecture may be able suggest just the right solution for you!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Is your Community structured in the below way? One Large Association and multiple large blocks that are best tracked separately? Large Communities have unique challenges when it come to Association&hellip;<\/p>\n","protected":false},"author":1,"featured_media":19250,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[3],"tags":[57,58,2030,339,2029,166,192,148],"class_list":["post-19240","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-product-updates","tag-adda","tag-apartment-management","tag-community-accounting","tag-housing-society","tag-multi-level-accounting","tag-society-accounting-software","tag-society-accounting","tag-society-management"],"_links":{"self":[{"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/posts\/19240","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/comments?post=19240"}],"version-history":[{"count":3,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/posts\/19240\/revisions"}],"predecessor-version":[{"id":19249,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/posts\/19240\/revisions\/19249"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/media\/19250"}],"wp:attachment":[{"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/media?parent=19240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/categories?post=19240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/tags?post=19240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}