ResLife Finances

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Score6.8

Rank#5 of 25

From$1/mo

Free planYes

Runs onWeb

Summary

ResLife Finances is web-based accounting software for community associations, bringing general ledger, journals, accounts payable, bank reconciliation, fund accounting and financial statements into one set of books. It can calculate assessments from budgets, collect them online, and apply late fees and interest according to governing documents. Vendor invoices can be captured with AI, linked to work orders or contracts, checked against spending limits and held for approval. Operating and reserve funds have separate balances, with transfers tied to the related expenditure. Bank activity can be imported through Plaid, lockbox remittance files, or supported statement formats; ResLife says around 95% of bank lines can be matched automatically. Stripe Connect supports recurring dues and one-time online invoices. A free operations layer can run alongside an existing bookkeeping system without migrating books. The free plan is $0.00 USD per free, billed monthly forever, with online collection fees. Paid plans start at $1.00 USD per month per unit, and the free tier adds $0.50 plus 0.25% per collected payment on top of Stripe rates. Support is $125 per hour on every plan.

Who it is for

ResLife Finances suits community associations that need accounting, assessment collection, payable workflows and bank reconciliation. Its free operations tools may suit associations that want those functions alongside existing bookkeeping.

What is good

Combines accounting and fund accounting in one set of books.
Supports online assessment collection and late fees.
Invoices can be checked against spending limits.
Free operations can run without migrating books.

What to know first

Free-tier collections add $0.50 plus 0.25% per payment.
Support costs $125 per hour on every plan.
No free trial is listed.

Verdict

ResLife Finances covers association accounting alongside assessment collection and invoice workflows. Consider the free-tier collection surcharge and hourly support cost when choosing a plan.

ResLife Finances plans and pricing

All plans

Free Free per month, forever Operations layer · every association and user · online collection fees apply reslife.app · 1 Oct 2026

Business $1/mo per unit per month plus per firm legal entity Firm books · association and firm websites · first legal entity $0 through 2027 reslife.app · 1 Oct 2026

Starter $1/mo per unit per month Association books only · accounting, receivables, payables, financial statements · bank reconciliation and integrations reslife.app · 1 Oct 2026

Enterprise $1 per unit per month plus dedicated infrastructure White label · isolated database · customization · sandbox · uptime SLA · priority onboarding reslife.app · 1 Oct 2026

Compared on HOA accounting software

Free plan: Yesreslife.app
Paid from: $1/moreslife.app
Assessment billing: Yesreslife.app
Owner ledgers: Yesreslife.app
Vendor payments: Yesreslife.app
Financial statements: Yesreslife.app
Bank reconciliation: Yesreslife.app
Budget tracking: Yesreslife.app

Facts

Accounting scope: ResLife Finances provides a general ledger, journals, accounts payable, bank reconciliation, fund accounting and financial statements in one set of books.reslife.app · 1 Oct 2026
Assessments: Assessments are raised from budget calculations, collected online, and late fees and interest follow the governing documents.reslife.app · 1 Oct 2026
Accounts payable: Vendor invoices can be captured with AI, posted to the originating work order or contract, checked against spending limits and held for approval.reslife.app · 1 Oct 2026
Fund accounting: Operating and reserve funds have separate accounts and balances, with transfers tied to the expenditure that justified them.reslife.app · 1 Oct 2026
Bank integrations: Bank statement imports run through Plaid, lockbox remittance files are applied to units, and custom bank connections are available on request and approval.reslife.app · 1 Oct 2026
Reconciliation: ResLife says around 95% of bank lines can be matched automatically and supports Plaid feeds plus CSV, OFX and CAMT imports.reslife.app · 1 Oct 2026
Payment integration: Stripe Connect can turn calculated assessments into recurring dues and one-time invoices for online collection.reslife.app · 1 Oct 2026
Free operations: The budget, meetings, docket, rules, violations, contracts and maintenance tools can run alongside an existing bookkeeping system without migrating books.reslife.app · 1 Oct 2026
Processing fees: The free tier adds $0.50 plus 0.25% per collected payment on top of Stripe rates, while paid plans waive that ResLife add-on.reslife.app · 1 Oct 2026
Support: Every plan includes support at $125 per hour.reslife.app · 1 Oct 2026
Data isolation: Enterprise documentation says each association operates in its own data context with isolation enforced at the data-model level.reslife.app · 1 Oct 2026
Data ownership: ResLife states that documents remain in an association's private workspace and that the association owns its data.reslife.app · 1 Oct 2026
Audience and availability: ResLife is software for running community associations and is listed as available in California.reslife.app · 1 Oct 2026