ResLife Finances vs HOA Fiscal

ResLife Finances9.0Visit HOA Fiscal8.4Visit

Higher score ResLife Finances #2 in HOA Accounting Software 9.0/10 Free plan Free plan✓ 6 of 6 features Try ResLife Finances

vs

HOA Fiscal #8 in HOA Accounting Software 8.4/10 30-day trial Free trial✓ 0 of 6 features Visit HOA Fiscal

• ResLife Finances fits best

  Associations prioritizing low-cost accounting

• HOA Fiscal fits best

  Associations needing reserves and managed options

Advertiser disclosure: iTechGuides is reader-supported. Vendors can pay for top positions in our rankings and for a place on other products' pages, and we may earn a commission when you click some links. Bought places stand at the number bought; this page and our disclosure say so. Paying vendors may get a fuller, more detailed review from our editors, and that review can change their score. How we rank.

Side by side

Feature	ResLife Finances 9.0/10 Visit ↗	HOA Fiscal 8.4/10 Visit ↗
At a glance
Editor score	9.0	8.4
Ranking	#2 in HOA Accounting Software	#8 in HOA Accounting Software
Best for	Associations prioritizing low-cost accounting	Associations needing reserves and managed options
Pricing model	Free plan + paid	Paid
Starting price	$1/unit/mo	$89/mo
Free plan	✓ (best)	—
Free trial	—	30 days
Deployment	Cloud	Cloud
Platforms	Web	Web
Support	Email	Email, Phone
Built for	Solo, Small business, Mid-market, Enterprise	Small business, Mid-market
Features ResLife Finances 6/6 · HOA Fiscal 0/6
Assessment billing	✓ (best)	Not checked yet
Owner ledgers	✓ (best)	Not checked yet
Vendor payments	✓ (best)	Not checked yet
Financial statements	✓ (best)	Not checked yet
Bank reconciliation	✓ (best)	Not checked yet
Budget tracking	✓ (best)	Not checked yet
Our review
Pros	Free operations tier includes requests, budgets, rules and a resident portal Paid plans cover assessments, receivables, payables, reconciliation and reporting Plaid and Stripe support banking, statement imports and payment processing	Fund accounting, assessments and reserve studies in one system Owner portal supports payment history, documents and online payments Managed plans add reconciliation, bill payment and a named manager
Cons	The Free plan does not include full association accounting The product is available on the web platform only White labeling, custom workflows and uptime SLA require Enterprise	Available through the web platform only No free plan; paid plans start at $89 per association monthly Managed plans for 100+ units require a quote
Our verdict	ResLife Finances is HOA accounting software for self-managed boards and professional community-association management firms. It brings together general-ledger accounting, assessment billing, collections, accounts payable, vendor payments,… Read the review →	HOA Fiscal is association-management software for self-managed homeowner and condominium associations. It brings fund accounting, assessments, late fees, owner payments, elections, meetings, violations, work orders, reserve studies, resale… Read the review →

Strengths and trade-offs

• ResLife Finances — where it wins

  • Free operations tier includes requests, budgets, rules and a resident portal
  • Paid plans cover assessments, receivables, payables, reconciliation and reporting
  • Plaid and Stripe support banking, statement imports and payment processing

  Where it doesn't

  • The Free plan does not include full association accounting
  • The product is available on the web platform only
  • White labeling, custom workflows and uptime SLA require Enterprise

• HOA Fiscal — where it wins

  • Fund accounting, assessments and reserve studies in one system
  • Owner portal supports payment history, documents and online payments
  • Managed plans add reconciliation, bill payment and a named manager

  Where it doesn't

  • Available through the web platform only
  • No free plan; paid plans start at $89 per association monthly
  • Managed plans for 100+ units require a quote

• ResLife Finances9.0/10 · Free plan

  Low-cost HOA accounting with a permanent operations tier and $1-per-unit paid plans.

  Try ResLife FinancesFull verdict →
• HOA Fiscal8.4/10 · 30-day trial

  A broad HOA operations suite with accounting, reserves, payments and managed support.

  Visit HOA FiscalFull verdict →