BENEFITS

Many people we meet at networking events are confused about the role of a bookkeeper. The major benefit is giving you day-to-day management information that is accurate, complete and is up to-date in real time.

Yes, it is cloud based and available from any where - but for most people this is very much a secondary benefit.

Another major benefit relates to the 1 or 2-odd hours a year you spend with your tax adviser. You are in a position to provide them with complete and accurate information. They can make recommendations and reclassify amounts as needed - but you are not paying their expensive rates to compile your management information from bank and letting agent statements.

Also, a tax accountant just wants to know, for example, what was the gross rent and total repairs costs for the portfolio was. You on the other hand want to know this information on a property by property basis to see which properties are under-performing and which are your financial winners.

That being said, we offer our customers a HUGE range of benefits to you the investor:

By property investors - For property investors

We are experienced property investors ourselves
We understand how to record your business transactions so that you have decision useful information to work with - whatever your investment strategy might be

Value Add: Other non-financial property systems

Besides having a pain free accounts system, there are a few other non-financial, back office systems that are crucial for every landlord to have in place.

Qualified Chartered Accountant - CA(SA) & ACA

Our director, Craig Hopkins, is a qualified Chartered Accountant with many years experience in accounting for property transactions and reporting to landlords
He has worked for 2 of the big 4 Audit & Accounting firms in their real estate divisions

XERO - Cloud based bookkeeping

We use Xero, a professional, cloud based accounting package to set up and manage your accounts
It offers real time, up-to-date financial information accessible from anywhere where you can get Wi-Fi
We set it up so that each property is in effect a separate department to provide better management analysis - critical to you being able to put the spot light on individual properties in your portfolio as it grows
Xero can be linked to many online banking accounts to get daily bank movements automatically imported - saving time and minimising human errors
Xero remembers how you posted similar previous transactions and auto-suggests how to post recent transactions - one click and it is done
It allows multiple user access - perfect if you want to give view your (JV) partner view only access to your accounts
We offer you discounted access to the software - cheaper than if you went direct to Xero

Receipt Bank - Accurate & effortless data entry

We provide you with Receipt Bank - a truly fantastic smart phone app
You can take a picture of a receipt while on the go and then throw it away - no more hanging onto it carefully until you get home, enter in the details and then file it
All invoices received via email can be forwarded to your unique email address - no printing out, entering in details and then filing it
Receipt Bank uses Optical Character Recognition (OCR) software to read your photograph or invoice so it pre-populates the information for you - saving you time (if you were to do it yourself) or money (if we were to do it for you)
OCR eliminates human errors related to duplication, omission and transposition
You get to quickly review the upload details, either on your phone or at your computer, amend anything you wish and confirm the invoice with a single click
Invoice images or files are attached to a specific transaction - making an audit of your accounts quicker and easier than a paper based system
This is fully compliant with HMRC's requirement to hold supporting documents for up to six years
Discounted Receipt Bank access - cheaper than if you went direct to direct Receipt Bank