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Head-to-head · HOA Accounting Software

ResLife Finances vs HOA Simplify

  • Updated Sep 2026
  • Both researched from official sources
  • 8 checks side by side
Higher score ResLife Finances #2 in HOA Accounting Software 9.0/10 Free plan · paid from $1/mo Free plan✓ 6 of 6 features Try ResLife Finances
HOA Simplify #7 in HOA Accounting Software 7.0/10 From $99/mo · 14-day trial ✓ 4 of 6 features Visit HOA Simplify

ResLife Finances leads on 4 checks, HOA Simplify on 0, and 4 are even. Who comes out ahead on the 8 yes/no, price and count checks where we have data for both products. The editor score weighs everything else too.

Our verdict

  • Highest scoreResLife Finances · 9.0/10
  • Lowest starting priceResLife Finances · $1/mo
  • Free planonly ResLife Finances
  • Most featuresResLife Finances · 6 of 6

ResLife Finances scores higher on our rubric for hoa accounting software: 9.0 against 7.0 out of 10; our editors rank them #2 and #7.

ResLife Finances offers free plan; HOA Simplify doesn't. ResLife Finances is cheaper to start at $1/mo against $99/mo. ResLife Finances offers owner ledgers; HOA Simplify doesn't publish it. ResLife Finances offers vendor payments; HOA Simplify doesn't publish it.

ResLife Finances is the better fit for associations prioritizing low-cost accounting. HOA Simplify is the better fit for associations wanting broad workflow automation.

  • ResLife Finances fits best

    Associations prioritizing low-cost accounting

  • HOA Simplify fits best

    Associations wanting broad workflow automation

Advertiser disclosure: iTechGuides is reader-supported. We may earn a commission when you click some links. How we rank.

Side by side

Feature ResLife Finances 9.0/10 Visit ↗ HOA Simplify 7.0/10 Visit ↗
At a glance
Editor score 9.0 7.0
Ranking #2 in HOA Accounting Software #7 in HOA Accounting Software
Best for Associations prioritizing low-cost accounting Associations wanting broad workflow automation
Pricing model Free plan + paid Paid
Starting price $1/mo (best) $99/mo
Free plan ✓ (best) —
Free trial — —
Deployment Cloud Cloud, Mobile
Platforms Web Web, iOS, Android
Support Email Email
Integrations 2 integrations 8 integrations
Built for Solo, Small business, Mid-market, Enterprise Solo, Small business, Mid-market, Enterprise
Features ResLife Finances 6/6 · HOA Simplify 4/6
Assessment billing ✓ ✓
Owner ledgers ✓ (best) Not published
Vendor payments ✓ (best) Not published
Financial statements ✓ ✓
Bank reconciliation ✓ ✓
Budget tracking ✓ ✓
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
  • Combines accounting, billing, reconciliation, budgets, reports, and reserves
  • Supports portals, payments, documents, voting, violations, and amenity bookings
  • Offers QuickBooks Online, Stripe, mobile apps, API, and portfolio reporting
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
  • No free plan; paid pricing starts at $99 per month
  • Advanced capabilities require higher-priced plans
  • ACH payments are listed as coming soon
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 Simplify is cloud-based HOA management software for self-managed boards, property management companies, and residents. It brings dues and assessment billing, accounting, bank reconciliation, budgeting, financial reporting, resident…

Read the review →
  1. ResLife FinancesHOA Accounting Software 9.0Free plan · paid from $1/mo
  2. HOA SimplifyHOA Accounting Software 7.0From $99/mo · 14-day trial

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 Simplify — where it wins

    • Combines accounting, billing, reconciliation, budgets, reports, and reserves
    • Supports portals, payments, documents, voting, violations, and amenity bookings
    • Offers QuickBooks Online, Stripe, mobile apps, API, and portfolio reporting

    Where it doesn't

    • No free plan; paid pricing starts at $99 per month
    • Advanced capabilities require higher-priced plans
    • ACH payments are listed as coming soon
  • ResLife Finances9.0/10 · Free plan · paid from $1/mo

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

    Try ResLife FinancesFull verdict →
  • HOA Simplify7.0/10 · From $99/mo · 14-day trial

    Broad HOA workflow coverage with accounting, portals, governance, and portfolio reporting.

    Visit HOA SimplifyFull verdict →

More comparisons

All HOA accounting software comparisons → · Full ranking →

Reviewed by iTechGuides Editors · Editorial team · Updated Sep 2026

Last updated · How we research and update