ATO-certified product
Built for Australian tax and compliance workflows, with the obligations that matter brought closer to the financial picture.
The rental property you forget about until July.
Keep rental income, expenses, loans, ownership, deductions, and tax records organised throughout the year, not only when your accountant asks.
Start for free No payment details required. See the Property Workflow →
ISO 27001 certified
Information security practices designed for sensitive financial data, records, documents and review trails.
Australian tax context
Designed around Australian households, business owners, property investors, payroll, BAS and accountant workflows.
What actually goes wrong
Four things that do not fix themselves.
01
The rent covers the loan. The cash still runs short
Rent comes in every month. Rates, insurance and repairs do not. You see what each property really earns once all of it is counted.
−$245
a week, out of your pocket
- Rent received $47,668
- Out of your pocket −$12,798
- Costs paid −$60,466
Your rent covers 79% of your costs. You pay the rest, and rates, insurance and repairs may not arrive monthly the way rent does.
02
The agent statement arrives, then it sits
Forward the email. The rent, the fees and each expense are split out, put against the right property, and the statement is kept with them.
68
bills read, sorted and filed against the right property
- Interest on loan −$42,001 24 bills
- Property agent fees −$3,564 24 bills
- Repairs and maintenance −$6,197 8 bills
- Council rates −$2,644 8 bills
- Body corporate fees −$2,360 4 bills
None of these were typed in by hand.
03
The property is half hers. So is the deduction
Set who owns what once. Every figure after that is split the same way, all year, for both of you.
| Owned | Your share | Total |
|---|---|---|
| 14 Rosslyn Street VIC 100% | −$7,897.87 | −$7,897.87 |
| 8/32 Baroona Road QLD 50% | −$4,899.84 | −$9,799.68 |
On the half-owned one, the two columns differ by exactly half. Set who owns what once, and every number after that is split the same way.
04
Cash out of pocket is not your deduction
What a property costs you out of pocket and what you can claim back are two different numbers. Both are worked out as the year goes.
- Income you pay tax on $62,130
- Costs you can claim −$79,827
- Loss on the properties −$17,698
- Your share of it −$12,798
Worked out as the year goes, not rebuilt in July. This counts only what has been recorded, and you can claim depreciation on top of it.
About your accountant. And your property manager.
Keep them both. myaccountant gives your accountant an EOFY pack with each property reconciled, each deduction categorised, and each statement attached.
Your property manager's job does not change either. They send the monthly statement the way they always have. myaccountant reads it, prepares the split, and keeps the audit trail. No new software for your property manager.
See how myaccountant works alongside tax agents and property managers →
Questions you might be asking.
Frequently asked questions
How many properties can I add?
As many as you own. One, twelve, somewhere between. No per-property pricing.
Does it handle joint ownership?
Yes. Set the split on each property, 50/50, 60/40, 99/1, and every transaction splits accordingly.
What about depreciation?
Import your quantity surveyor's schedule once. myaccountant applies the right lines to the right property each year.
Can I keep using my property manager?
Yes. Forward their statement, or connect their email once and stop forwarding. They do not need to change anything.
What happens at EOFY?
The tax-agent pack is generated from your books, by property and by owner. Your agent gets everything they need in one file.
Does it work for self-managed landlords?
Yes. No PM required. Record rent as it lands, photograph receipts as they happen, and the books stay in the same shape.
What if I sell a property?
The records stay intact. Capital gain calculated with the right inclusions, purchase costs, improvements, selling costs, depreciation recapture. Ready for the CGT event on your return.