Your association’s starting point
Welcome to Asset Pal
Make informed decisions today. Avoid deferred maintenance tomorrow.
Understand your association’s assets, plan for maintenance and replacement costs, and document the reasons behind your board’s decisions. Get CPA-skilled guidance on budgets and reserve funding, grounded in your association’s records.
Where should your association start?
Concerned about deferred maintenance?
- 1
Gather your records
Upload your latest reserve study, budget, financial statements, inspection reports, and relevant contracts or invoices in Documents.
- 2
Review and import your study
Your Treasurer checks the detected components, replacement costs, and useful lives, then confirms the import. Uploading alone does not populate Asset Health.
- 3
Identify priorities
In Asset Health, review At risk and Critical components, expected replacement dates, and funding gaps. Scores are planning indicators—not engineering assessments.
- 4
Compare funding options
Use Funding Plan to explore contributions, special assessments, reserve borrowing, and bank loans alongside the protected reserve-study baseline.
- 5
Document the decision
Use the Board Decision Memo Drafter in Tasks to record the action, alternatives, funding source, and risks. Review the memo before attaching it to meeting records.
Manage assets more effectively
Start in Asset Health to review reserve components and add assets that aren’t in the study. Link invoices and receipts in Documents, then add dated photos, contracts, and inspection reports to build an asset history.
Use Funding Plan to compare five-year scenarios or calculate contributions needed to reach a target percent funded. Update your records as new information becomes available.
Review your assetsHave a question right now?
Ask Asset Pal in plain language. Upload relevant records for association-specific answers, review cited sources, and confirm important assumptions before acting.
- “Which components need attention first, and what records support that?”
- “What would it take to reach 80% funded in five years?”
- “What should we consider before approving a special assessment?”
Your workspace at a glance
Ask questions in plain language, review cited sources, and return to saved conversations.
Draft board decision memos, review budget variances, prepare for tax and audit work, and scrutinize vendors. Export reports as Word or PDF.
Review component health indicators, replacement timing, funding gaps, photos, and supporting asset records.
Compare five-year funding scenarios with the protected reserve-study baseline, or calculate contributions for a target percent funded.
Upload association records, link invoices and receipts to assets, and choose Private, Board Only, or association-wide sharing.
Explore reserve, budget, accounting, and tax guidance, plus articles your Treasurer can add or edit.
Review association membership and Treasurer, Board Member, and Property Manager roles.
Manage association settings and available preferences. Some controls are Treasurer-only.
Build a record your board can rely on
Keep the documents reviewed, alternatives considered, financial assumptions, and final board decision together. Cited answers and exported reports can support an informed decision-making record for the business judgment rule; they do not guarantee legal protection.
Consult your association’s CPA, attorney, or qualified engineer when appropriate. Choose Welcome in the sidebar whenever you want to return to this guide.