Step 1 – Add Your Property
Start by adding your rental property. This creates the foundation of your account and is essential for tracking income, expenses, and tax data accurately.
Step 2 – Add Your Tenancy Details
Once your property is added, link an active tenancy. This allows you to record rent payments, manage tenancy dates, and attach documents like tenancy agreements.
Step 3 – Set Up Joint Ownership (if applicable)
If your property is jointly owned, you can set ownership percentages to ensure profits are automatically split correctly for tax purposes.
Step 4 – Automate Bookkeeping with Bank Feeds
Connect your bank account to automatically import transactions. This saves time, reduces manual entry, and keeps your bookkeeping up to date.
Step 5 – Customise Your Categories / Chart of Accounts
Set up custom income and expense categories to suit your reporting needs or to match your accountant’s preferences. This is especially helpful for Making Tax Digital.
Step 6 – Invite Additional Users
You can give access to a co-owner or other permitted user. Simply invite them as users and set the right permission level to control what they can see or do.