Books That Look Like a CPA Made Them. Without the CPA.
Balance Sheet. Profit & Loss. General Ledger. AR Aging. AP Aging. Bank reconciliation. Multi-account cash tracking.
Volunteer HOA treasurers spend Sunday nights wrestling with QuickBooks because it’s the only tool that handles bank reconciliation. They pay $30 to $90 a month for a license they barely use. Some communities also pay a bookkeeper $150 to $400 a month to translate the QB reports into something the board can actually understand.
HomeHerald just made all of that unnecessary. Every report a board needs at meetings. Every workflow an unpaid treasurer can do at 9pm on a Sunday. Built specifically for self-managed HOAs, not adapted from accounting software for a different industry.
Start free - no card needed ->
The full Books & Banking suite is included on every HomeHerald plan - Cash Accounts, transfers, the Account Integrity Audit, bank reconciliation, and all seven reports: Balance Sheet, P&L, General Ledger, AR aging, AP aging, Budget vs Actual, and the Reconciliations history index. Pricing is set by property count, not per unit. The Automate plan is $49/month up to 105 properties, $99 up to 205, and $199 up to 400. Automate+ adds Herald Phone and a community website at $65, $125, or $250. Every community starts with 14 days free and no credit card. Add a card any time and a full 30-day free trial starts on the plan you pick, so a board that waits gets up to 44 free days, with nothing charged until that trial ends.
The QuickBooks Problem for HOAs
QuickBooks is built for businesses. Inventory tracking, payroll, sales tax, customer invoicing, vendor 1099s. An HOA needs almost none of that.
What an HOA actually needs is narrow:
- A way to record dues coming in and bills going out.
- A way to know who’s behind on payments.
- A way to know what bills haven’t been paid yet.
- A way to prove the books match the bank statement at month end.
- A board-ready P&L report once a month.
QuickBooks does all five, but it surrounds each one with twenty other features the volunteer treasurer doesn’t understand and shouldn’t have to. The result: the treasurer either avoids QB entirely (and the books drift) or spends hours wrestling with it (and burns out).
Most communities solve this by hiring a bookkeeper at $150 to $400 a month to mediate between QB and the board. That’s between $1,800 and $4,800 a year in operational overhead the residents are paying for, on top of the QB license itself. For most self-managed communities, this is unjustifiable.
The right answer is software that does the five things, exactly the five things, and gets out of the way. That’s what we built.
What HomeHerald Now Replaces
Cash Accounts: every dollar belongs somewhere
Set up the bank accounts your HOA actually has. Operating checking. Reserve savings. Maybe a CD. Maybe petty cash. Every transaction in the system is tagged to one of these accounts, so the live balance per account matches what your bank shows.
The Account Integrity Audit panel proves your books are mathematically consistent at any moment. If something drifts (a transaction missing an account tag, a transfer pair that doesn’t balance), the panel surfaces it in amber and tells you exactly what to fix.
Inter-account transfers (year-end Operating to Reserve sweep, for example) are a one-modal action. The system writes a paired record, balances move equal and opposite, audit trail preserved.
Balance Sheet: what the community owns and what it owes
Pick an as-of date, choose cash or accrual, and you get assets, liabilities, and fund balance on one page. Keep a separate reserve account and the statement splits into Operating and Reserve columns, so reserve health reads off the same page instead of a second report.
The report is built to be honest rather than tidy. Cash sitting on transactions that were never assigned to a bank account gets its own amber row instead of quietly inflating operating, with a link to go fix it. Amenity deposits are card holds, not money in the bank, so they appear as a note rather than a liability. On a cash basis, unpaid dues and unpaid bills are footnoted rather than counted; on accrual they move onto the statement as assessments receivable and accounts payable.
At the bottom sits the tie-out strip, which is the part an auditor cares about: change in cash for the year to date against cash-basis net income. When they agree, it says so. When they do not, it shows the difference and names the usual culprit (unassigned cash, or a transfer recorded on only one side). PDF and CSV export.
Profit & Loss: board-ready in two clicks
Pick a period. Toggle prior-period comparison. The P&L renders categorized revenue (Dues, Fines, Special Assessments, Amenity Rentals, Credit Adjustments) and expenses across all 13 expense categories plus Stripe processing fees, HomeHerald subscription, and refunds issued.
Six period presets cover everything a board asks for: This Month, Last Month, This Quarter, Last Quarter, YTD, Last Year. Custom date ranges for fiscal year boundaries.
PDF export with letterhead, page numbers, and signing user. CSV export for further analysis. Hand the PDF to the board. File with the meeting minutes. Done.
General Ledger: the report your accountant asks for first
Pick an account, or all of them, plus a period. You get every cash movement in date order with a running balance beside it: date, type, description, payee or property, category, check or reference number, and amount. Balance forward at the top, ending balance at the bottom.
That ending balance is the same number the Balance Sheet shows for that account on that day, and that equality is the point of the report. Refunds sit as their own negative rows instead of quietly netting against the payment they reversed. Voided entries stay out of it, because the Audit Log is where those belong.
PDF and CSV export. The exports always contain every entry, even when the screen is still showing the first page of a long year.
AR Aging: see who’s behind on dues
Per property, broken into Current / 30-59 / 60-89 / 90-119 / 120+ day buckets. FIFO payment allocation: the oldest charge gets paid first by the oldest payment, exactly the way QuickBooks and Xero do it.
Sorted most-delinquent-first, color coded for the 90+ day escalations. The report your treasurer brings to the awkward conversations with the board about which residents need a notice or a collection lawyer.
AP Aging: track open vendor bills
Per vendor, same bucket shape. Catches the missed insurance premium and the legal fee that fell through the cracks before they become a problem. Pull this report once a month to plan your bill payment schedule.
Bank Reconciliation: match the statement, lock the books
Per account, per month. Open the bank statement, open the reconciliation flow, walk through each transaction, tick the matching ones. The live diff banner counts down to zero as you tick. When it hits zero, click Close.
The period locks (soft lock with audit trail). Every reconciled transaction is stamped, so editing any of them later triggers a warning that the closed period will fall out of balance.
The Add Adjustment modal handles the most common discrepancies inline: bank service charges, interest earned, missed bills. No leaving the flow, no losing your place.
Outstanding checks (issued in March, cleared in May) carry forward automatically with an Outstanding chip, so they’re tickable in the right month.
History tab shows past closes per account with a one-click PDF download for board files or auditor packets. Reopen requires an audit reason and is fully logged.
Every one of those closes is also indexed under Reports > Reconciliations, grouped by account and newest first, showing the statement closing balance, the difference, how many transactions matched, and who closed it. Accounts with no closed period yet are listed too, so a treasurer can see what is still open. When an accountant asks about one particular month, the report is one click away from the reports they were already reading.
Side by Side
| Workflow | QuickBooks Online | HomeHerald |
|---|---|---|
| Set up an account | Multi-step wizard, requires choosing chart of accounts | One modal, four fields |
| Find who’s behind on dues | Custom report builder | One click, AR Aging |
| Print a P&L for the board | Customize report, format columns, export | Two clicks |
| Reconcile bank statement | Multi-screen wizard | One screen, live diff |
| Required training | Significant | None |
| Connects to bank | Via Plaid (extra fees) | Manual statement entry (no extra fees) |
| Per-month cost | $30 to $90 | $49 to $199 (full Books & Banking) |
| Bookkeeper required for typical HOA? | Often yes | No |
| Actually built for HOAs? | No | Yes |
What HomeHerald Doesn’t Do (Honest)
We’re not pretending to be a full accounting platform. The tradeoffs:
- No Plaid integration. You enter bank statement balances manually. This means no monthly per-account fee, but it also means no auto-pull. Most volunteer treasurers reconcile from a paper or PDF statement anyway.
- No 1099 vendor reporting. Year-end vendor 1099s for tax purposes are not currently auto-generated. Most HOAs don’t issue 1099s themselves; their tax preparer handles it from the AP records.
- No multi-currency. USD only.
- Not full accrual accounting. The Profit & Loss and the Balance Sheet both carry a cash/accrual switch: on accrual, revenue is recognized when the charge is raised, and unpaid dues and unpaid bills appear on the balance sheet as receivables and payables. Expenses are always recognized when they are paid. Cash is the default because that is how most HOAs actually operate, but if your accountant needs a true GAAP accrual statement set, this is not that.
If any of these are deal-breakers, stay on QuickBooks. If none of them are, you can drop the QB subscription and the bookkeeper this month.
What This Means for Your Community
For a typical self-managed HOA with:
- QuickBooks Online Simple Start: $30/month = $360/year
- Optional bookkeeper at $200/month average: $2,400/year
- Total: $2,760/year
After moving to HomeHerald:
- HomeHerald (full Books & Banking + everything else): $49/month = $588/year
- Bookkeeper: $0 (treasurer self-services in 30 minutes/month)
- Total: $588/year
Net savings: $2,172 per year, going back into the reserve fund or covering a maintenance project. And you get the rest of the platform (receipt AI, email integration, admin digest, Herald Shield) thrown in.
Pricing for HomeHerald Books and Banking
Pricing is set by property count, not per unit. Every plan includes the entire Books & Banking suite.
| Plan | Price | Properties |
|---|---|---|
| Automate | $49/month | Up to 105 |
| Automate | $99/month | Up to 205 |
| Automate | $199/month | Up to 400 |
| Automate+ | $65 / $125 / $250 per month | Same tiers, adds Herald Phone and a community website |
More than 400 properties? Talk to us.
Every plan includes
- Cash Accounts setup (Operating, Reserve, CDs, Petty Cash)
- Live balance per account on the dashboard
- Inter-account transfers (Operating to Reserve sweeps, etc.)
- Account Integrity Audit panel (proves your books are mathematically consistent)
- Transactions log with per-row account chip + filter
- Balance Sheet on a cash or accrual basis, with operating and reserve fund columns and a tie-out strip
- Profit & Loss report with prior-period compare, account filter, period presets
- General Ledger with a running balance per account and a full-period export
- AR Aging report (per-property delinquency, FIFO, board-ready PDF)
- AP Aging report (per-vendor open bills with aging buckets)
- Bank Reconciliation flow with soft-locked closed periods + audit trail
- Reconciliations history index under Reports, one PDF per closed period
- PDF + CSV export on every financial statement
- Plus the rest of the platform: Receipt and Invoice AI, Email Integration, Admin Digest, Herald Dispatch, Herald Shield, and more
14 days free on every plan, no credit card. Add a card any time and a full 30-day free trial starts on the plan you pick, so a board that waits gets up to 44 free days, with nothing charged until that trial ends. Monthly billing, no annual contracts, no setup fees.
Frequently Asked Questions
Do I need bookkeeping experience to use this?
No. The flow is designed for someone who has never used QuickBooks. If you can read a bank statement and click checkboxes, you can reconcile a month in 20 minutes. The reports are pre-formatted for HOA board meetings.
How does this compare to PayHOA, Buildium, or AppFolio?
PayHOA also serves self-managed boards and covers payments and association accounting. Buildium and AppFolio are professional property management platforms with strong financials, priced and scoped for paid managers. HomeHerald pairs self-managed-first design with AI in the books - full bank reconciliation included, receipts and invoices read automatically - at a flat monthly price.
Can I import data from QuickBooks?
Direct QuickBooks import is not yet supported. The fastest migration path: set the opening balance on each cash account in HomeHerald to match a recent bank statement closing balance. From that date forward, run all transactions through HomeHerald. Keep the QB historical data for reference but stop adding to it. After 60 days, you’ll have full transaction history in HomeHerald.
What about year-end taxes?
HomeHerald produces the reports your tax preparer needs (balance sheet, P&L, general ledger, expense detail by category, AR/AP balances). They handle the actual tax forms (Form 1120-H for HOAs is typically what’s filed). Most preparers prefer a clean P&L PDF over raw QB exports anyway.
Is the reconciliation flow audit-friendly?
Yes. Every closed reconciliation is preserved as a Reconciliation document with the statement opening, ending, system ending, and the IDs of every matched transaction. Reopening a closed period requires an audit reason that’s logged on the document. Every reconciled record is stamped with reconciliationId and reconciledAt. An auditor can trace any transaction back through its reconciliation history.
What if my HOA already uses QuickBooks and we want to switch?
Start by parallel-running for one month: enter new transactions in both systems, reconcile both, compare the reports. If HomeHerald produces what you need, drop the QB subscription at the next renewal. If anything’s missing for your specific situation, contact support.
Give Your Treasurer Their Weekends Back
The volunteer treasurer at your HOA didn’t sign up to learn QuickBooks. They volunteered to help the community and now they’re trapped in a tool built for businesses they don’t run, costing the community money it doesn’t need to spend.
Replace QuickBooks with software built for the actual job. Balance sheet, P&L, general ledger, AR aging, AP aging, and bank reconciliation, all included on every plan. No bookkeeper required.
Start free - no card needed ->
Explore More
- Financial Management Overview - expense tracking, receipt AI, transparency reports
- Payments Feature - how dues collection works
- Flexible Dues - charge different dues per unit, opt-in services, and special assessments
- Pricing - all three plans and what’s included