| Feature / Aspect | The Property Accountant | Excel / Google Sheets |
|---|---|---|
| Automation & Document Capture | Fully automated (emails settlement statements, depreciation schedule and monthly rental statements) – one-time setup | Data Compilation & Automation |
| Bank Connection & Live Feed | Connects to 100+ banks, live updates of interest, fees and charges from loan accounts as per ATO guidelines | No direct bank integration; requires manual entry |
| Expense Tracking | Update directly paid expenses with the mobile app and web portal in a few clicks for automated tracking | Requires manual entry and complex formulas |
| Audit-Checks | Built-in audit checks and instant access to supporting documents | Requires manual reconciliation and time-consuming document retrieval |
| Feature / Aspect | The Property Accountant | Excel / Google Sheets |
|---|---|---|
| Real-Time Financial Insights | Instantly tracks income to date, market value, loan balance and net equity of your portfolio | Requires manual calculations and is often overlooked |
| Property Performance Monitoring | Tracks property performance and trends over time in just a few clicks | Requires manual tracking and spreadsheets |
| Loan Reports & Refinancing Insights | Instantly access loan reports, statements and interest rate changes for new loans or refinancing | Requires manual collection and organization of loan statements from multiple sources |
| Cost Base Tracking | Tracks cost items and updates the cost base report as they occur—no heavy lifting when selling | Requires constant manual updates, which are often missed |
| Feature / Aspect | The Property Accountant | Excel / Google Sheets |
|---|---|---|
| Income & Expenses Report | Automatically generates income & expense reports for tax filing | Requires manual data entry and report preparation |
| Cost-Based Reporting | Automatic cost tracking per property with detailed financial reports | Requires complex Excel formulas and manual data entry |
| Audit Checks for Accuracy & Compliance | Built-in audit checks ensure accuracy and compliance with tax regulations | Requires manual review and adjustments, increasing the risk of errors |
| Loan Overview Report in Real Time | Updates loan details, loan terms, interest rates, repayments, loan-to-value ratio and more in real time | Requires manual updates & data entry |
| Feature / Aspect | The Property Accountant | Excel / Google Sheets |
|---|---|---|
| Collaboration with Advisors | Easy sharing with tax accountants | No direct collaboration tools |
| ATO Compliance & Record-Keeping | Secure, structured record-keeping with real-time tracking | Risk of lost documents and errors in manually managed files |
| Generate Tax-Ready Reports | Built-in audit checks ensure accuracy and compliance with tax regulations | Requires manual compilation and formatting |
| Feature / Aspect | The Property Accountant | Excel / Google Sheets |
|---|---|---|
| Brokers Access to Loan Data | Instantly provides brokers access to live loan data | Free (Google Sheets), but requires significant manual effort |
| Loan Application & Refinancing Support | Less than 5 minutes per month for 5+ properties | High time investment, especially with more than 1 property |
| Feature / Aspect | The Property Accountant | Excel / Google Sheets |
|---|---|---|
| Pricing | $3.99 per property/month (includes GST) and is fully tax-deductible | Requires manual document collation and multiple emails |
| Time Required for Management | Brokers can access live loan data, statements and reports instantly | Requires manual collection and submission of loan documents |
| Security & Backup | Instant loan insights help brokers secure better deals for clients | Requires manual market review |
| Feature / Aspect | The Property Accountant | Excel / Google Sheets |
|---|---|---|
| Security & Backup | Encrypted cloud storage & automated backups | Prone to data loss, requires manual backup |
| Chance of File Corruption or Errors | Data is securely stored and always accessible | Spreadsheets can be accidentally deleted, corrupted, or overwritten |