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How to Generate Financial Assessment Report?

Explore what the financial assessment report reflects and how it is generated

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Written by Pam Winslow
Updated over 2 years ago

SmartProperty > Left-Hand Menu > Reports

Follow the above-mentioned workflow to land on the Reports module.

From the tabs listed atop the screen, click Summary Reports. Doing so opens the Summary Reports section where all summary reports are listed.

From the Summary Reports list, click Financial Assessment Report.

This report displays a thorough financial assessment of your property. It starts off with the Property Profile section in which basic details of the property are displayed.

Next up is the Current Assessments (avg. per unit) section. It contains the Monthly Fees and Annual Fees. The Fee Payment Frequency is also displayed.

This is followed by the Special Assessment Risk section. Here, the expected shortfall year and the expected revenue deficit in the mentioned fiscal year are displayed.

Moreover, a table on the right side displays the Top Anticipated Expenditures for the next 10 years and their Projected Cost. Furthermore, clicking a component from here opens the selected component details.

This is followed by the potential options available based on your reserves and the assessment made. Each option is displayed with the result you can achieve and the impact it will have.

Report Generation

To generate the report in .PDF, click the View as PDF button located at the top-right corner of the screen.

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