How Landlords Can Save Hours Every Week with Automation and MTD
For landlords, managing rental income, tracking expenses, and submitting records to HMRC can be a time-consuming and stressful process. With the introduction of Making Tax Digital (MTD), staying compliant has become even more crucial — and more complex. Fortunately, modern accounting software with automation features can drastically reduce the administrative burden.
RentalBux is purpose-built for landlords and sole traders, combining property management and accounting into one intuitive platform. Its automation features save hours of manual work every week, making it an ideal choice for anyone looking to simplify making tax digital for landlords.
Automation Features That Make a Difference
One of the biggest challenges for landlords is the repetitive nature of accounting tasks. Manual entry, reconciling bank statements, and categorising expenses take up valuable time — and mistakes are easy to make. RentalBux addresses these issues with a suite of automation features:
- Automated Bank Feeds: Transactions from your bank account are imported automatically and categorised, reducing human error.
- Recurring Invoices: Rent payments, service charges, and maintenance fees can be set up to recur, ensuring timely and accurate records.
- OCR Bill Capture and AI Categorisation: Receipts and invoices are scanned and allocated to the correct category instantly.
- Automated Reconciliations: Bank transactions are matched with invoices and expenses automatically, providing a clear financial overview.
By leveraging these tools, landlords can spend less time on admin and more time growing their portfolio, all while remaining compliant under making tax digital for landlords regulations.
See also: How Tech Is Reshaping the Music Industry
Property-Centric Accounting Matters
Generic accounting software often fails to accommodate the complexities of property ownership. RentalBux, however, is designed specifically for landlords:
- Manage multiple properties from one dashboard
- Track tenants, rent schedules, mortgage details, and maintenance records
- Allocate income accurately for joint ownership or different profit-sharing ratios
These property-focused features ensure that landlords have an accurate, consolidated view of their finances, making making tax digital for landlords both manageable and stress-free.
HMRC-Approved and Accessible
RentalBux is officially HMRC-approved for Making Tax Digital, giving landlords confidence that their digital records meet all compliance requirements. Landlords with a single property can even use the platform free until March 2028, making it accessible for small landlords. For those with larger portfolios, the software’s automation and property-specific features deliver exceptional value.
For landlords seeking to save hours each week, reduce errors, and stay compliant, switching to MTD software for landlords like RentalBux is a smart move. Automation transforms MTD from a time-consuming task into a simple, reliable process, freeing landlords to focus on what matters most: their properties and tenants.