Property accounting software with real double-entry books.
Real double-entry accounting for property — BAS, depreciation, P&L and balance sheet built from one ledger, per entity, so EOFY is a report you generate rather than a reconstruction from bank statements.
Why property accounting goes wrong
Books reconstructed from bank statements at tax time
Without real double-entry accounting through the year, EOFY becomes an accountant piecing together a year of transactions from statements rather than reading a ledger that was already correct.
Depreciation calculated once, then forgotten
Div 40 and Div 43 depreciation schedules get set up once and drift out of sync with what's actually been posted, or aren't linked to the ledger at all.
BAS doesn't reconcile to anything
A GST summary built separately from the ledger is a second, competing version of the numbers — and the two rarely agree by the time BAS is due.
How InvestorJoint handles property accounting
Double-entry general ledger
Every transaction posts a balanced journal to an append-only ledger — the one source every report, BAS figure and depreciation schedule reads from, so nothing is reconstructed after the fact.
Cash-basis GST BAS, per entity
BAS is calculated from real posted transactions at the entity level, quarter by quarter, so the number lodged ties back to the ledger rather than a parallel spreadsheet.
Division 40 + Division 43 depreciation
Plant & equipment (Div 40) and capital works (Div 43) depreciation, including acquisition costs, calculated and posted annually per property and entity.
P&L, balance sheet and cashflow
Full profit & loss, balance sheet and cashflow reporting per entity and financial year, built from the same ledger as BAS and depreciation.
Owner-level P&L
Where a property is jointly owned, profit and loss is split and reported per owner according to their ownership percentage — not just at the property level.
Acquisition costs + settlement capture
Pre-purchase acquisition costs and settlement-statement detail — including PEXA settlements — are captured and posted, so a new property's books are correct from day one.
The Entity Accounting File
A ten-section, GL-derived working paper per entity for EOFY — every figure carries an evidence status tracing back to the source document it came from, so the ledger and the reports can't silently disagree.
Who this is for
Investors who want their books correct all year round rather than reconstructed at tax time — especially where a property sits inside a company, trust or SMSF and the accounting only means anything if it's done at the entity level.
Common questions
Is this real double-entry accounting, or just income/expense tracking?
Double-entry. Every transaction posts a balanced journal into an append-only general ledger — the same engine behind BAS, depreciation, owner statements and per-entity P&L, not a spreadsheet-style income/expense list.
Does it calculate BAS?
Yes — cash-basis GST BAS is calculated from the same ledger as everything else, per entity, so the GST summary ties back to real posted transactions rather than a separate reconstruction at lodgement time.
Does it handle depreciation?
Yes — Division 40 (plant & equipment) and Division 43 (capital works) depreciation, including acquisition costs, are calculated and posted annually per property and entity.
What reports can I generate at EOFY?
Profit & loss, balance sheet, cashflow and owner-level P&L per financial year, per entity — plus the Entity Accounting File, a ten-section working paper reconciling the ledger against the source documents each figure traces to.
Does it handle a property purchase or settlement?
Yes — pre-purchase acquisition costs and settlement-statement detail (including PEXA settlements) are captured and posted, so a new property's books start correctly rather than being reconstructed after the fact.
How is this different from the trust accounting page?
Trust accounting is about receipting, holding and disbursing regulated client money for a property manager's rent roll. This page is about the accounting and tax side — GL, BAS, depreciation and reporting — which applies whether or not a property is under a PM's trust account.
Who is property accounting software actually for?
Investors who want their books genuinely correct through the year, not reconstructed at tax time — especially where a property sits in a company, trust or SMSF and the accounting has to be done at the entity level to be right at all.
Can my accountant access the numbers directly?
Yes — accountants can be given scoped, client-granted access to a client's per-entity ledger, P&L, balance sheet, depreciation schedule and BAS-ready GST summary, rather than being emailed exports.