Tick off the rent that came in, add expenses with a receipt photo, and hand your accountant a T776 summary at year-end.
Each month, tick off the tenants who paid, and the book records what you say arrived. Add any other income as it comes in.
Add expenses and big purchases with a receipt photo or PDF. Repair costs from your work orders show up on their own. Entries are voided, never deleted.
Property tax, insurance, mortgage interest and other regular bills add themselves on schedule.
An income statement and a T776 rental income summary, laid out line by line, as PDF and CSV. Income is shown before the HST/GST you charged.
A summary for you and your accountant. It isn't tax advice.
Works out the interest owed each year on a last month's rent deposit, at the rent increase guideline, and can apply it to the deposit top-up. Ontario only.
Managing for owners? Each statement shows the income you recorded, minus your management fee and expenses.
Yes. It's on every plan, with nothing extra to buy.
No. Record rent is your own record: you tick which tenants paid, and the book records what you say arrived. No charges, no reminders, and nothing is sent to your tenants.
No. There are no bank feeds and no QuickBooks or Xero connection. Export to CSV for your bookkeeper.
An income statement and a T776 summary (the Canada Revenue Agency's Statement of Real Estate Rentals), line by line, as PDF and CSV. Big purchases are listed separately for your accountant's capital cost allowance. A summary for you and your accountant. It isn't tax advice.
No. It covers Ontario only, where it works out last month's rent deposit interest at the rent increase guideline.