Landlord accounting
Accounting for landlords that keeps itself up to date
Every bill, payment and expense you record in ITORAMA goes into your accounts as you work. Your profit and loss, cash flow and what tenants owe are ready whenever you need them, for you, your accountant or the bank.
How it works
Step by step
- 1
Bill and collect as usual
Rent, water and other charges, and every payment, are recorded as they happen.
- 2
Record what you spend
Repairs, salaries, utilities and other expenses, by property and type.
- 3
Read your reports
Profit and loss, cash flow, ageing and the full ledger, for the period you choose.
Know what your properties really earn
Profit and loss shows income less expenses for the month, the year, or any period, for all your properties or one. Count income when it was received or when it was billed, whichever you prefer.
Loan repayments and building work are recorded but kept out of your running costs, so your profit is not understated.
Profit and loss, month by month or for any period
Cash flow: what came in and went out, and why
Ageing: who owes, and for how long
The full ledger behind every figure
Expenses by property, in the right place
Record what you spend on each property: repairs, salaries, utilities and more. Expense types are grouped the way your accounts group them, and you can add your own.
See what you spent in any period, the biggest categories, and download the list for your records.
What you hold for tenants, kept apart
Deposits and money tenants have paid ahead are not your income until they are used. ITORAMA keeps them apart, so you always know how much of your balance belongs to tenants.
When a tenant moves out, settle their deposit with any deductions, and the accounts follow.
Deposits held on current leases
Deposits still to settle for tenants who moved out
Credit tenants have paid ahead
A statement for any tenant, ready to download
Questions
What landlords ask
No. You bill tenants, record payments and expenses as you would anyway; the accounts are kept for you in the background, in plain words.
Yes. Profit and loss can count income when it was received or when it was billed, whichever you prefer.
They are recorded, but kept out of your profit and loss: a loan repayment repays a debt and building work adds to the property; neither is a running cost.
Yes. Add them to your team with a role that lets them see payments, expenses and reports without changing tenants or billing.
Bring your properties to ITORAMA
Set up your properties and tenants today, or talk to us first.