HOA Accounting Software

Could anyone recommend simple accounting software that will allow a self managed Association handle their finances. We're a small community (38 units) with no amenities to maintain other than common areas. I need recommendations for a software typically used by management companies that develops management type reports (i.e. Aged Receivables, Cash Journal Reports, Account Register, etc).

I am familiar with Microsoft Accounting but was wondering if there was a cheaper software to invest in. Thank you!

Thanks Glen! I appreciate you forwarding the link. Now that I've read the postings, I have heard of the software TOPS; we need to check that out! Thanks again for the info!

We use Peachtree.

TOPS is hands down the very best. It self checks it does everything Peachtree and Microsoft Accounting does but better. Treas for a long time and I rave over the fact it is so self checking and easy to read. I start this month using my 6th month report and build next years budget from it alone. It makes my job a no brainer. You might contact your local property management companies and see if they are willing to do just your accounting alone. Mine has many assoc that is all they do. The HOA does the rest. Plus they pay for the software. You sign up for a web site and you or your treas has access to all the tops data. If I was running a HOA that was less than 50 units thats what I would do
Have a great day hope this helps.

We use a hand ledger to track payments and excel to keep track of expenses.

Excel is typically packaged with any Windows Operating System and a ledger is available for minimal cost at any office supply store.

We use mint.com

It tracks all our bank accounts, spending, income, etc. It does this by connecting to the bank daily and downloading all the transactions. It will even email or text message your mobile phone if large transactions take place. Good if your using a Mgmt company and want to keep your eye on them.

Other than that, we do keep a separate excel sheet to track unit specific dues to see who has paid and who hasn't.

and guess what....... mint.com is free.