What accountancy software do landlords use?

What accountancy software do landlords use?

11:48 AM, 7th November 2013, About 8 years ago 43

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Hi all,

I’m fairly new to property investing and brand new to this site. Thanks Property Geek, Rob Dix, for your podcast on Mark Alexander that pointed me here.

Quick question; what accountancy software does this community recommend? What accountancy software do landlords use?

I currently only have three properties, but plan to scale to a lot more. I use spreadsheets for now, but it may be nice to use something with cool, pre-customised reporting and dashboards.

I’m going to use odesk to find a Virtual Assistant to do the book-keeping for me: they could use excel, but again, I want to know if there is something better out there. I’ve checked out Xero, but it seems more relevant to a trading company.

Any recommendations?

Thanks

Martin



Comments

by Chris Byways

14:36 PM, 18th January 2016, About 5 years ago

After reading this aged discussion, are there any new packages that sway the arguments, Xero seemed to be one of the best choices then, but to s move. Also I guess the accountant should be asked to have an input.

by NEIL T

16:33 PM, 31st August 2019, About 2 years ago

Reply to the comment left by Fiona Macaskill at 07/11/2013 - 12:25
Yes, Fiona, I use Quicken 2002 as I haven't found anything better or more powerful. The only trouble is that I have to run it on Win XP as it's not compatible with anything later. Also HMRC won't accept it after April 2010 they'll require MTD-compatible software. I'm really not sure of the solution here.

by Peter Jennings

11:51 AM, 10th June 2021, About 2 weeks ago

Good morning all, this really is an old feed but the question of what accounting software is best for landlords is even more relevant now.
Xero seems to be favoured from the discussion above. Is this still the case?
What other software do you use to help you manage your property business? For example, I use Docusign for all the tenancy agreements, and DPS and TDS for all the deposits.
One thing I would like to do better is manage my 'to do list', which seems to get longer everyday! This includes marketing and advertising, managing potential tenants, viewings, contracts, inventory, property maintenance tasks, compliance tasks, managing tenant exit etc

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