PayHOA vs ResLife Finances

PayHOA has no write-up on Specifiction yet; its figures are above.

ResLife Finances is web-based accounting software for community associations. It combines a general ledger, journals, accounts payable, bank reconciliation, fund accounting, and financial statements in one set of books. Assessments can be calculated from budgets, collected online, and adjusted with late fees or interest under governing documents. AI can capture vendor invoices, connect them to work orders or contracts, check spending limits, and hold them for approval. Operating and reserve funds retain separate accounts and balances, with transfers tied to the related expenditure. Plaid feeds, lockbox files, and CSV, OFX, or CAMT imports support bank activity; ResLife says about 95% of bank lines can be matched automatically. Stripe Connect handles recurring dues and one-time invoices. A free operations layer can sit alongside existing bookkeeping without migrating books. The Free plan is free, billed monthly forever, with online collection fees. Paid plans start at $1 a month per unit; Enterprise is priced on request. Support costs $125 per hour on every plan.