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ResLife Finances
San Diego, California, United States
What it is
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 assigned late fees or interest according to governing documents. Vendor invoices may be captured with AI, linked to work orders or contracts, checked against spending limits, and held for approval. Operating and reserve funds use separate accounts, with transfers tied to the expenditure that justified them. Bank data can arrive through Plaid, lockbox files, or CSV, OFX, and CAMT imports; ResLife says about 95% of bank lines can be matched automatically. Stripe Connect supports recurring dues and one-time invoices. The Free operations layer can run beside existing bookkeeping without migrating books. The free plan is free, while paid plans start at $1 a month per unit.
For and against
For
- Combines ledger, payables, reconciliation, and financial statements
- Calculates and collects association assessments
- Supports separate operating and reserve funds
- Imports bank data through multiple formats
- Free operations layer works beside existing books
Against
- Free tier adds $0.50 plus 0.25% per payment
- Support costs $125 per hour on every plan
- Paid pricing is billed per unit
- Listed availability is in California
The verdict
ResLife Finances covers association accounting and operational workflows, including assessments, vendor invoices, funds, and bank matching. Its free tier supports operations, while paid plans add association or enterprise bookkeeping capabilities.
Who it suits
It is intended for community associations, including those operating in California. Associations can use the free operations tools alongside existing bookkeeping or choose accounting plans with receivables, payables, and reconciliation.
Plans and prices
Free
Operations layer · every association and user · online collections charged per transaction · AI meeting briefs and rule drafting at provider cost
Read 15 Oct 2026 · reslife.app
Business
Everything in Starter · firm accounting, AR and AP · firm and association marketing websites · complimentary firm-book migration
Read 15 Oct 2026 · reslife.app
Enterprise
Everything in Business · white label domain · isolated database · custom fields, workflows and reports
Read 15 Oct 2026 · reslife.app
Starter
Association accounting · receivables and payables · financial statements · bank reconciliation and integrations
Read 15 Oct 2026 · reslife.app
On the record
- Accounting scope
- ResLife Finances combines general ledger, journals, accounts payable, bank reconciliation, fund accounting and financial statements in one chart of accounts.reslife.app · read 15 Oct 2026
- Accounts payable
- Vendor invoices can be emailed to an association inbox, extracted with AI, linked to work orders or contracts, checked against spending limits and held for approval.reslife.app · read 15 Oct 2026
- Advice limitation
- ResLife says its budgets and compliance guidance are not legal, tax or accounting advice and should be reviewed by professionals.reslife.app · read 15 Oct 2026
- Assessments
- Assessments are generated from the budget's per-unit calculations and collected online, with late fees and interest based on governing documents.reslife.app · read 15 Oct 2026
- Audience and availability
- ResLife is software for running community associations and is listed as available in California.reslife.app · read 1 Oct 2026
- Availability limit
- The footer states that ResLife is available in California.reslife.app · read 15 Oct 2026
- Bank integrations
- The product supports Plaid feeds, CSV, OFX and CAMT imports, lockbox remittance files and custom bank connections by request.reslife.app · read 15 Oct 2026
- Bank reconciliation
- Bank lines are matched to ledger entries as they arrive, with unmatched items surfaced as Docket tasks.reslife.app · read 15 Oct 2026
- Billing start
- The accounting product says sign-ups are not charged until January 1, 2027.reslife.app · read 15 Oct 2026
- Budgeting
- The budgeting tool reads CC&Rs, bylaws, minutes, contracts, actuals and reserve studies, calculates cost-sharing and cites source sections.reslife.app · read 15 Oct 2026
- Company legal name
- Crunchbase identifies Verilyst LLC as the legal entity and lists ResLife.app as an alternate name.crunchbase.com · read 15 Oct 2026
- Company size
- Crunchbase reports a headcount range of 1 to 10 employees.crunchbase.com · read 15 Oct 2026
- Company status
- Crunchbase lists Verilyst as an active, privately held, for-profit company headquartered in San Diego, California.crunchbase.com · read 15 Oct 2026
- Contract management
- Contract records calculate notice deadlines from renewal dates and notice periods and test awards against document-based term, value and bidding limits.reslife.app · read 15 Oct 2026
- Customization
- Enterprise customers can request custom fields, workflows and reports, plus a sandbox and isolated database.reslife.app · read 15 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 · read 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 · read 1 Oct 2026
- Docket
- The Docket is a free cross-association worklist that routes requests, deadlines and board decisions into record-linked workflows.reslife.app · read 15 Oct 2026
