Payments & Accounting
Dues, billing, and the general ledger.
What payment methods can homeowners use?
ACH bank transfer and credit/debit card, both processed securely through Stripe. Apple Pay and Google Pay are supported on the payment portal. Boards can also enter manual payments (check, cash, lockbox) on behalf of owners.
Does HOAfy support recurring dues and autopay?
Yes. Boards define recurring billing schedules (monthly, quarterly, annual, or custom cadences), and HOAfy generates the invoice batch automatically on the issue date. Homeowners can enroll in autopay from their portal and choose between paying each invoice on its due date or paying a fixed day every month.
Can HOAfy assess late fees and fines automatically?
Yes. Late fees can be configured as flat, percentage, or compounding interest, and they post automatically once an invoice ages past the grace period. Violation fines flow into invoices the same way and link back to the source violation.
Is the accounting system real GL accounting?
Yes. HOAfy includes full double-entry general-ledger accounting with a configurable chart of accounts, journal entries, bank reconciliation, budgets, and the standard reports your CPA expects (Balance Sheet, Income Statement, Cash Flow, AR Aging, GL Detail). Cash and accrual basis are both supported.
Can I export data for my accountant?
Yes. Reports export to PDF and CSV. Full GL detail can be exported in formats compatible with QuickBooks, Xero, and most CPA tools.
Still have questions?
Our team is happy to walk you through HOAfy and answer anything we missed.