5+ Best Accounting Software for HOAs and Property Management

Image of author Nick Cotter
Newfoundr
accounting software for hoa
March 13, 2023
-
10
min read

Choosing an accounting software for your HOA or property management business is a major decision that requires careful consideration. With so many options, it can be difficult to narrow down the best solution for your specific situation. To help you make the right choice, we've compiled a list of the five most popular accounting software solutions designed specifically for HOAs and property management companies. From free cloud-based services to sophisticated enterprise options, these are our top picks for managing finances in the HOA and property management sector.

Who is the best Accounting Software For Hoa?

The Best Accounting Software For Hoa of 2023:

Here’s our shortlist of the best accounting software for hoa I'm ranking through our extensive research and use:

  1. OneUp
  2. Xero
  3. ZipBooks
  4. KashFlow
  5. Sage 50

Our Review of the Best Accounting Software For Hoa:

Here is our list of the best accounting software for hoa:

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image of OneUp logo

OneUp

Newfoundrz's Software Review:
Image of full star review ratingImage of full star review ratingImage of full star review ratingImage of half a star review rating
4.3
out of 5

OneUp is a cloud-based accounting software aimed at small to medium-sized businesses. It includes features such as invoicing, inventory management, and financial reporting, along with various other accounting features.

  • Invoicing
  • Financial management
  • Inventory management
  • Invoicing
  • Payment processing
  • Comprehensive financial, inventory, and payment management
  • Advanced CRM and project management
  • Automated invoicing and payment processing
  • Higher pricing for additional users and advanced features
  • Limited customization options for certain features
  • Limited customer support options
Pricing for OneUp starts at $9/month and moves up to $169/month pricing from there. You should connect with their team to learn more about the capabilities with each plan.
Best Fit For:
small and medium sized business
Free Trial Offered?
YES
NO
Pricing Plan 1:
$9/month
Pricing Plan 2:
$169/month
  • Stripe
  • Shopify
  • Xero
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image of Xero logo

Xero

Newfoundrz's Software Review:
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4.3
out of 5

Xero is a revolutionary cloud-based accounting software that has transformed the way businesses manage their finances. With its user-friendly interface and comprehensive suite of features, Xero makes it easy for businesses of all sizes to manage their accounting processes efficiently and effectively.

One of the standout features of Xero is its invoicing tool, which allows businesses to create professional-looking invoices that are fully customizable with their branding. The tool also enables businesses to set payment terms and automate payment reminders, reducing the risk of missed payments and improving cash flow.

Xero's inventory management feature is another standout tool that allows businesses to track their stock levels, sales, and purchase orders in real-time. With this feature, businesses can make informed decisions about inventory, avoid overstocks or shortages, and streamline their supply chain management processes.

Payroll processing is a critical function for businesses, and Xero makes it simple with its payroll feature. The tool automates payroll calculations, including employee salaries, taxes, and deductions, saving businesses time and ensuring compliance with relevant tax laws and regulations.

  • Bills & Expenses
  • Invoicing
  • Inventory management
  • Payroll
  • Bank reconciliation
  • User-friendly interface for small business owners
  • Extensive third-party app integration
  • Advanced inventory management
  • Higher pricing for advanced features and multi-currency support
  • Some users may find the interface too simplistic or lacking in advanced features
  • Limited mobile app capabilities
Pricing for Xero starts at $13/month and moves up to $70/month pricing from there. You should connect with their team to learn more about the capabilities with each plan.
Best Fit For:
small and medium sized business
Free Trial Offered?
YES
NO
Pricing Plan 1:
$13/month
Pricing Plan 2:
$70/month
  • HubSpot
  • Stripe
  • Shopify
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ZipBooks

Newfoundrz's Software Review:
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4
out of 5

ZipBooks is a cloud-based accounting software aimed at small businesses. It includes features such as invoicing and expense tracking.

  • Invoicing
  • Invoicing
  • Expense tracking
  • Financial reporting
  • Time tracking
  • User-friendly platform with AI-powered automation
  • Comprehensive financial reporting and analytics
  • Streamlined payment processing and invoicing
  • Limited customer support options for some plans
  • Limited customization options for certain features
  • Limited mobile app capabilities
Pricing for ZipBooks starts at $15/month and moves up to $35/month pricing from there. You should connect with their team to learn more about the capabilities with each plan.
Best Fit For:
small and medium sized business
Free Trial Offered?
YES
NO
Pricing Plan 1:
$15/month
Pricing Plan 2:
$35/month
  • Trello
  • PayPal
  • Google Drive
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KashFlow

Newfoundrz's Software Review:
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4
out of 5

KashFlow is a cloud-based accounting software aimed at small businesses. It includes features such as invoicing, expense tracking, and financial reporting.

  • Invoicing
  • Invoicing
  • Expense tracking
  • Payroll
  • Financial reporting
  • Streamlined invoicing and payment processing
  • Efficient expense tracking and reporting
  • Automated VAT filing and compliance
  • Limited integration options with other software
  • Limited customization options for invoices and reports
  • Higher pricing for additional users and advanced features
Pricing for KashFlow starts at $12.70/month and moves up to $35/month pricing from there. You should connect with their team to learn more about the capabilities with each plan.
Best Fit For:
small and medium sized business
Free Trial Offered?
YES
NO
Pricing Plan 1:
$12.70/month
Pricing Plan 2:
$35/month
  • Dropbox
  • HubSpot
  • PayPal
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Sage 50

Newfoundrz's Software Review:
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4.5
out of 5

Sage 50 is desktop accounting software aimed at small to medium-sized businesses. It includes features such as payroll and job costing, along with various other accounting features.

  • Invoicing
  • Accounting and financial management
  • Payroll
  • Inventory management
  • Job costing
  • Comprehensive accounting and financial management
  • Advanced payroll processing and reporting
  • Efficient inventory management
  • Limited cloud-based capabilities and mobile access
  • Some users may find the interface too complex or outdated
  • Higher pricing for additional users and advanced features
Pricing for Sage 50 starts at $28.90/month and moves up to $76.65/month pricing from there. You should connect with their team to learn more about the capabilities with each plan.
Best Fit For:
small and medium sized business
Free Trial Offered?
YES
NO
Pricing Plan 1:
$28.90/month
Pricing Plan 2:
$76.65/month
  • Bill.com
  • Salesforce
  • Google Drive
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QuickBooks
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Software Rankings:
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Important Features to Look For in Accounting Software For Hoa:

Accounting Software For Hoa Pricing Comparison Table:

Platform Free Trial? Pricing #1 Pricing #2
OneUp true $9/month $169/month
Xero true $13/month $70/month
ZipBooks true $15/month $35/month
KashFlow true $12.70/month $35/month
Sage 50 true $28.90/month $76.65/month

Accounting Software For Hoa Rating Comparison Table:

Software Customer Support Performance Value Total Product Rating
OneUp 4 4.5 4.5 4.3
Xero 4 4.5 4.5 4.3
ZipBooks 4.1 4 4 4
KashFlow 4 4 4 4
Sage 50 4.4 4.4 4.6 4.5

Is accounting software useful for HOAs and property management?

Is QuickBooks a suitable software for HOAs and property management to use?

How can HOAs benefit from using accounting software and what are the key advantages it offers for financial management?

How much does accounting software for HOAs (Homeowners Associations) cost, and what features does it include for managing assessments, budgets, or expenses?

Factors we use to Rank Accounting Software For Hoa:

Newfoundr

Founder and CEO

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Through meticulous research and firsthand experience, I uncover the essential steps, software, tools, and costs associated with launching and maintaining a successful business. By demystifying the complexities of entrepreneurship, I provide the guidance and support needed for others to embark on their journey with confidence.

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