Transform Accounting & Financial Management of Property

Depreciation Schedule

Current Process

• Search for the depreciation schedule, determine the depreciation method and identify the depreciation amount for the year.
• If the property is sold during the year, manually calculate:
  • Pro-rata depreciation for annual tax deduction.
  • Total depreciation until the date of sale for cost base calculations for Capital Gains Tax (CGT) calculation.

With Us

• Email depreciation schedule to your UNIQUE email address.
• Depreciation amount(full/prorated) is automatically updated in your income and expense report for the year.
• Total depreciation from the start until the sale of date is automatically deducted from cost base for CGT calculation.

Bank loan

Current Process

Investors easily obtain annual interest cost from the bank. However, they often overlook deducting other bank charges like title search fees, registration of mortgage, annual package fees, transfer of land fees, lender mortgage insurance, loan exit fees, rate lock-in charges, etc

With Us

• Connect your bank loan accounts via secured open banking (regulated by ACCC and Consumer Data Rights).
• Our platform automatically updates all expenses, fees, and charges in the right categories according to ATO guidelines:
  • Annual package fees are expensed in the month incurred.
  • Loan setup costs like title search and mortgage registration, along with LMI, are automatically expensed evenly over 1826 days

Monthly Rental Statement

Current Process

Investors often neglect monthly rental summaries and primarily rely on end-of-year summaries for tax filing, which provides only retrospective insights. This approach lacks real-time monitoring and oversight of property performance

With Us

• Instruct your leasing agent/property managers to send monthly rental statement to your UNIQUE email address
• Our system automatically records all income, expenses and costs in the right categories.
• Monitor your rental income and expenses in real time, facilitating proactive management and decision-making.

Expenses Directly Paid by Property Investors

Current Process

Property investors manually record expenses and costs in Excel workbooks and store supporting invoices in document folders on online drives. This process is cumbersome and increases the likelihood of missing some expenses and extra taxes

With Us

• With our user-friendly mobile app and web portal, easily upload or scan your invoices.
• Select your property and expense type, and enter the amount.
• Our platform automatically categorizes your expenses to be claimed as deductions in annual tax reports and costs to be added as capital improvements to your cost base.

Analytics and Reporting for your Property Portfolio

Current Process

Investors typically come across scattered and ad-hoc analytics regarding their property portfolio, such as net income during tax filing, loan visibility from their bank, and net equity discussions with their mortgage broker. However, they lack direct visibility into year-on-year comparisons and overall portfolio performance.

With Us

Now, investors have the power to access real-time insights into their property portfolio's income, market value, loan balance, net equity, and interest rates. Enjoy seamless access to portfolio analytics and comprehensive financial reports, empowering you to make informed decisions and stay ahead in the game of property investment.