Photograph the receipt. That is the bookkeeping.
Every cost against the right property, the right category and the right tax year. A photograph of an invoice becomes an expense line you confirm, so the figures your return needs are finished long before you need them.
What is landlord expense tracking software?
Landlord expense tracking software records what a rental property costs you, against the property it belongs to and the category the tax return uses. It replaces the shoebox, the bank statement you annotate in April, and the spreadsheet that never quite balances with either.
LetCompliance reads the receipt for you. Photograph an invoice or forward a PDF and the supplier, date, amount and VAT are pulled out and offered as a draft expense. You confirm it, which takes a second, and it posts. It is deliberately a draft rather than an automatic entry: these numbers go on a tax return, and an amount nobody looked at is not a number worth having.
Everything sorts by property and by category, so the profit and loss for a single flat is available at any point in the year rather than assembled at the end of it. Mortgage interest is held separately, because it is not deducted like other costs.
The result feeds straight into the tax side: your SA105 figures, the Section 24 finance cost position and the quarterly summaries stay current all year, so nothing has to be reconstructed in January.
The three parts of expenses landlords actually lose money on.
The receipt you would have lost
Photograph it at the merchant or forward the PDF when it arrives. The supplier, date, amount and VAT are read out and offered as a draft for you to confirm. An expense captured on the day is an expense claimed; one filed in a drawer is a deduction you quietly gave up.
The category that decides the deduction
Repairs, gardening, cleaning, insurance, letting fees, waste, professional fees and the rest, mapped to the boxes a return uses. Capital spending is separated from revenue spending, because the two are treated differently and putting a new kitchen through as a repair is the mistake that gets found later.
The figure you need in January
Each property carries a running profit and loss, and the totals flow into the SA105 pack, the Section 24 position and the quarterly summaries. Nothing is added up at the end of the year, because it was already added up as it happened.
From a photograph to a figure
- 01
Capture it however it arrived
Photograph a paper receipt, upload a PDF invoice, or add the cost by hand in a few seconds.
- 02
It is read and offered as a draft
Supplier, date, amount and VAT come back filled in. You check them, which is the point: the row does not touch a total until you say so.
- 03
It lands on the right property and category
The expense sits against one property, in one category, in one tax year, and the running profit and loss updates with it.
- 04
The tax figures follow on their own
SA105, Section 24 finance costs and the quarterly summaries read from the same rows, all year, without a separate exercise.
Expenses are one half of the money. The other half is the rent.
A bookkeeping tool on its own only ever sees what left. These sit on the same properties as what came in.
Rent by Direct Debit, with late payments chased
SA105, Section 24 and capital gains figures
Per-property profit and loss, all year
Adverts, applications and Right to Rent
A live 0 to 100 score for every property
A free tenant portal, no password to remember
Questions, answered
- How does the receipt reading work?
- You photograph a receipt or upload a PDF invoice, and the supplier, date, amount and VAT are extracted and offered back as a draft expense. You confirm it before it counts towards anything. It is a draft on purpose: these figures reach a tax return, so an amount nobody has looked at is not one we will post for you.
- Does it separate repairs from improvements?
- Yes. Capital spending is recorded separately from revenue spending, because they are treated differently: a repair reduces this year’s profit, an improvement adjusts the cost of the property for capital gains. Putting a new kitchen through as a repair is the classification error that tends to be found afterwards rather than at the time.
- What about mortgage interest?
- It is held separately from other costs, because finance costs are not deducted from rental profit in the way that repairs and running costs are. The Section 24 position is calculated from it rather than it being lumped in as an expense.
- Can I still export it for my accountant?
- Yes. Everything exports as a CSV with the property, date, category and amount on each row, so an accountant gets the working rather than a total to take on trust.
- Will it file my tax return?
- No. It prepares the figures: the SA105 pack, the Section 24 position, the quarterly summaries and the export. Submitting to HMRC needs recognition we do not have, and we will not imply otherwise.
- What does it cost?
- Free forever for one property, with paid plans from £14.99 a month and a 14-day full trial.
UK-built · Founder-led · GOV.UK-cited
Built by a landlord, for landlords.
I let property myself, and I was tired of juggling an agent, a spreadsheet and a handful of reminder apps just to stay on the right side of the law. So we built the one login I actually wanted: advertise the property, take applications, collect the rent, and keep every certificate and notice in order, each taken straight from GOV.UK.
The receipts are the easy part. Doing them in April is not.
Photograph them as they happen and the year adds itself up. Free forever for one property, and no card to begin.
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