For the Property Road team, of all the landlord accounting software packages that are available, one of the best also happens to be one of the best priced – and that is Landlord Vision.
Not only will the Landlord Vision offering meet all of the above requirements but also enable a landlord to keep track of their loan and mortgage management, record their suppliers’ contact details as well as their rental income.
Landlords who sign up to their offering will enjoy:
An easy to learn package
Key tasks can be automated
Reminders for important events
Will work anywhere (including on a smartphone app)
Easily manage a portfolio of any size
Up-to-date legal documents
Keep track of property visits and tenant interactions
Reduce admin time by 31%
Landlords can suggest new features
However, one of the stand-out features for us is the impressive video tutorials that help train landlords in getting the best out of the package – and the support system is prompt too for specific queries.
For those landlords who use agents, using this software is a big step towards easy direct management and saving on their agents’ fees.
In addition, the package is continuously evolving to meet a landlord’s needs – if you are worried about the ‘making tax digital’ push by the government don’t be because Landlord Vision’s makes compiling tax returns quick and easy.
#2 Next Best – FreeAgent
Whereas Landlord Vision is designed specifically for landlords and therefore includes various property management features too, FreeAgent is a pure accounting software.
That means, as far as accounting functions go, it’s actually superior to Landlord Vision. So, if you just need accounting software it’s actually the better choice.
Some of the features you can expect:
30-day free trial + 50% off for 6 months
Plus an extra 10% off for LIFE with our referral code ‘4904ixil’
Simple to use software that takes care of invoices, expenses, etc
Invite your accountant for easy sharing of your books
Takes care of tax calculations such as Corporation tax, VAT, and Self-Assessment
Compatible with HMRC Making Tax Digital (MTD)
Connect your bank accounts and automatically sync your books
As we mentioned earlier, if you are looking for an all-in-one property management software that includes an accounting/bookkeeping function, Landlord Vision is the better choice.
However, if the only thing you need is something to keep your books and accounts in order, FreeAgent is the superior choice.
#3 Alternative Option – Quickbooks
For those who have decided that neither Landlord Vision or FreeAgent is quite right for them, we recommend Quickbooks.
In fact, Quickbooks is probably the best-known of the three brands. Like FreeAgent, it’s not made specifically for landlords and so you get powerful accounting features but none of the specific property management ones.
Some of the things you can expect:
Regular discounts of up to 60% for 6 months
One month free trial available (but you don’t get the 6 month discount)
Allows you to easily track income & expenditure
The included Cash Flow Planner makes forecasting easier
Connect your banks accounts and easily manage receipts and invoices
Mileage tracking makes it easier to manage and claim mileage
In truth, there aren’t that mange differences between FreeAgent and Quickbooks. Both offer simple to use accounting and bookkeeping that help to keep all your financial affairs in order.
We slightly prefer FreeAgent as it’s a toucher easier to use and the pricing seems to give you better overall value for money. However, it’s a tight call so if you prefer the look of Quickbooks then it’s definitely still a good option.