HOA Accounting Software
That Categorizes for You
Your treasurer spends half a day every month manually categorizing bank transactions. LotWize's AI does it in seconds — upload a CSV from any bank and the AI categorizes every transaction, flags unusual invoices, and writes plain-English financial narratives your board will actually understand.
AI Bookkeeping Lite included on Pro · Smart Payments on all paid plans · Free forever up to 10 units
What your treasurer actually needs — and how AI delivers it
Smart CSV Import
The problem
Manually entering every bank transaction into a ledger or QuickBooks.
How LotWize solves it
Export a CSV from any bank. Upload to LotWize. AI auto-categorizes every transaction against your chart of accounts using learned rules — vendor matches, description patterns, and amount combinations.
Transaction entry drops from hours to seconds
AI Invoice Anomaly Detection
The problem
Unusual vendor charges slip through because nobody has time to review every invoice.
How LotWize solves it
AI flags vendor invoices that look unusual before you pay them — duplicate amounts, unexpected increases, new payees. Green = approved, yellow = review, red = investigate.
Catch overbilling and duplicate charges before payment
Budget vs. Actuals Tracking
The problem
You don't realize you're over budget until year-end when it's too late to adjust.
How LotWize solves it
AI monitors spending against your budget weekly. Alerts when any category tracks more than 15% over YTD. Recommends specific actions: reduce scope, amend budget, or draw from reserves.
Catch budget problems months before they become crises
AI Financial Report Narratives
The problem
Board members glaze over spreadsheets and miss critical trends in the numbers.
How LotWize solves it
Every financial report gets an AI-written plain-English summary: "Operating expenses were 8% under budget, driven by lower utility costs." "3 of 8 categories are tracking over budget." Boards understand the story, not just the numbers.
Board financial review time cut by 70%
Smart Payments (AR + AP)
The problem
Treasurers spend hours chasing late dues and manually recording check payments.
How LotWize solves it
Online dues via Stripe with autopay. Automated late fee schedules. Record offline checks in under 30 seconds. Expense tracking with budget vs. actuals — all in one place.
Treasurer saves 4+ hours/month on collections
Immutable Audit Trail
The problem
When disputes arise, you have no clean record of who did what with community funds.
How LotWize solves it
Every transaction logged with who, what, when, and before/after values. Every AI action is flagged. Exportable for attorneys, accountants, or annual audits.
Audit-ready records at all times — no scrambling
HOA accounting — LotWize AI vs. QuickBooks vs. spreadsheets
Most self-managed HOAs track finances in spreadsheets or QuickBooks. Here's how LotWize compares:
| Capability | LotWize AI | QuickBooks | Spreadsheets |
|---|---|---|---|
| Auto-categorize bank transactions with AI | — | — | |
| Flag unusual vendor invoices before payment | — | — | |
| Plain-English financial report narratives | — | — | |
| Proactive budget deviation alerts | — | — | |
| Built for HOA-specific chart of accounts | — | — | |
| Online dues + autopay + late fees | — | ||
| Immutable audit trail for every transaction | — | ||
| Works with any bank (CSV import) | |||
| Full double-entry accounting / GL | — | — | |
| Free | — | — |
HOA accounting features by plan
Every paid plan includes smart payments and basic financial tools. AI Bookkeeping Lite is on Pro.
Starter
$59/mo
- Smart CSV Import (10/mo)
- AI auto-categorization
- Basic financial reports
- Online dues collection
Growth
Most popular$99/mo
- Everything in Starter
- Budget vs. actuals
- AI Financial Report Narratives
- AI Budget Deviation Alerts
- Expense tracking (AP)
Pro
$149/mo
- Everything in Growth
- AI Bookkeeping Lite (unlimited CSV)
- AI Invoice Anomaly Detection
- Full financial dashboard
- Export-ready audit trail
Frequently asked questions
Do I need a separate accounting platform with LotWize?
For most self-managed HOAs, LotWize covers all your financial needs: online dues collection, expense tracking, budget vs. actuals, and AI-powered categorization. If your community requires full accrual-based double-entry accounting (most don't), you can export data to QuickBooks or hand it to your CPA at tax time.
How does the AI bookkeeping actually work?
Export a CSV from your bank's website. Upload to LotWize. The AI categorizes every transaction using learned patterns — it recognizes recurring vendors, common HOA expense categories, and description patterns. Green means the AI is confident, yellow means review, red means uncategorized. You bulk-approve the greens and quickly review the rest. Month-end close drops from 4 hours to 30 minutes.
Can LotWize connect directly to my bank?
LotWize uses CSV import rather than direct bank connections. This means it works with every bank and credit union, with no third-party connection fees. Export a CSV from your bank (takes 10 seconds), upload to LotWize, and the AI handles the rest. Many boards prefer this approach since it doesn't require sharing bank credentials.
How does HOA accounting differ from regular business accounting?
HOA accounting has unique requirements: fund-based tracking (operating vs. reserve), assessment receivables, special assessments, lien tracking, and 1120-H tax filings. LotWize is built for these workflows. General accounting software like QuickBooks requires extensive customization to handle HOA-specific financials.
Can we export data for our CPA at tax time?
Yes. Export everything with one click — transaction history, categorized reports, financial summaries, and audit trail — in CSV format. Hand it directly to your CPA or tax preparer. No export fees, no lock-in.
Does LotWize support 1120-H tax filing?
LotWize provides the financial reports and transaction data your CPA needs for 1120-H filing, but does not file taxes directly. Export your categorized financials and hand them to your tax professional.
Ready to cut month-end close from 4 hours to 30 minutes?
Join communities that have freed their treasurers from spreadsheet hell. Plans start at $59/month. Free forever up to 10 units. 14-day free trial — no credit card required.
Free forever for up to 10 units · No credit card required · Cancel anytime · Full data export