Financial Reports (Admin Guide)
Vlge provides a number of standard as well as custom financial reports for community management. Visit Financial Dashboard ➡ Financial Reports from the Core Financial Tools section.
Available Reports
Budget vs Actuals - For various time periods or YTD
Income Statement - Revenue and expenses
Balance Sheet - Assets and liabilities
Cash Flow - Your standard Cash Flow statement
Custom Reports - Delinquencies, Balances, Payments and more
🎥 Financial Reports Overview
Running a Report
Go to Financial Dashboard ➡ Financial Reports
Select from the standard report types or select Custom Reports for more tailored reports
Choose date range or a preselected time period
Generate report
Report Formats
On-Screen - View in browser
PDF - Print or share
CSV/Excel - For further analysis
📑 Report Examples
👉 Budget vs Actual
👉 Income Statement
👉 Balance Sheet
👉 Cash Flow Statement
⚡️ Custom Reports & Settings
Lets start with Settings
With association financial reporting, often categories like Investing or Financing are empty and simply take up space. If you navigate to the settings tab, you can choose to hide the empty investing and financing sections. Similarly, with balance sheet accounts, you can choose to hide inactive accounts that are at zero. If you want to hide all zero-balance accounts, that option is here as well. You can choose to show confidential on the cover, as well as create your own report footer here
📈 Custom Report Options
Overview of Custom Reports:
Unit Balance List: this shows your full unit or property list with their current balance and status
Aging of Accounts: This is your typical Aging Report shown by bucket in days past due
Charge Adjustments: This is an audit-style report showing any way to avoid charges with their reason codes and who's performing each action
Payment Activity: This report shows all payments from all units, including all payment methods by date and time with status
Delinquent Accounts: this report shows all units with overdue balances, showing the amount owed, the past due portion, and how many days they're overdue
Prepayments by Unit: A standard unapplied payment credit report showing amounts paid before due dates. Particularly useful from one year to the next, where invoices are due in January and homeowners have paid in the prior month (= prior year).
Fine Report: This report provides a ledger of all fines by unit, including amount, date, and their current status
👉 Delinquent Accounts Report
With the Delinquent Accounts report, you can expand each row to show details on the exact charge and payment history that makes up the delinquency. You can click on View full unit ledger to review the complete history.
NOTE: A different actionable report on delinquent accounts can be found in Billing & Collections including a one-click download of a report for sending to your Association Attorney. See the l inked article for greater detail.
Delinquent Accounts is a topic that deserves its own focus. You can find an article on Delinquent Accounts specifically here.