Best Landlord Accounting Software in 2025
As 2025 begins, many people are taking the opportunity to start the new year on the right foot. For some, this may mean working out more often or starting a new hobby, but for others—landlords and property managers—it means organizing finances and preparing for the upcoming tax season.
As January comes to a close and tax season creeps closer, you may be searching for a solution to help you organize your rental business’ financial records and file all the important tax reports. Beyond taxes, you may be looking for a tool that can automate and streamline your financial routine to save you time and energy. Luckily, there’s an easy answer: Property management accounting software.
If you’re eager to make your financial processes more efficient, look no further than software. In this article, we’ll explain why accounting software for property management is a must-have as well as our pick for the top software for 2025 so that portfolios both big and small can stay organized, up-to-date, and accurate.
Why Rental Property Accounting Software is Important for Landlords
Before you can understand why real estate accounting software is important, you must first understand what it is. So, what is property management accounting software and why should you use it? Landlord accounting software is a digital tool built specifically for landlords or other real estate professionals who manage rental properties to organize and streamline processes relating to your finances and taxes.
Rental accounting software can:
- Track and categorize your income and expenses
- Connect with your business’ bank accounts
- Prepare you for filing taxes
- Auto-generate crucial financial reports
- Prepare your books for a certified accountant
With these tools and features come benefits that allow you to breeze through the various accounting tasks you may face. Tedious processes like tracking, organizing, and managing your finances are automated, freeing up your time to manage other aspects of your business. Confusing or stressful tax reports are easy to manage with important information prepared ahead of time. Complex metrics about the financial health of your business are made simple with auto-generated financial reports, reducing time spent crunching numbers and increasing your ability to act on important metrics.
The Top Accounting Software Choice in 2025
Luckily, the best time to begin using property management accounting software is right now as the new year begins. But which option is the best landlord accounting software for you?
There are many platforms on the market with different features that achieve different goals. If you’re looking for bare-bones software with basic features, you may choose one that offers less but comes at a lower price. If your portfolio is expanding and you need more advanced software with more tools, it may come with a higher price tag. Every landlord is different, so choosing an accounting software is an important and personal decision that can potentially save you time, money, and effort in the long run.
Your needs and goals as a business owner will influence your decision, but ultimately, one software stands out as the best landlord accounting software in 2025: Ledgre.
Ledgre is an accounting software built specifically for managing rental properties. It’s the best of both worlds: It’s simple enough to utilize without an accountant but packed with enough features to handle the many ins and outs of financial reporting and preparing tax documents. If you’re looking for a budget-friendly way to manage your business’ finances without the expenses of a bookkeeper, look no further than Ledgre.
Ledgre includes a long list of features to help you effortlessly manage your finances, including:
-
Inputting property information: Add information about the properties in your portfolio for use in financial reporting.
-
Automatically importing transactions: Connect your bank information to Ledgre through Plaid and automatically import transactions from the account or card to your digital books.
-
Tracking income and expenses: Track payments and revenue in one centralized location, auto-sort them into categories, then access various categories to identify emerging financial patterns in your books.
-
Preparing taxes: Easily complete Schedule E and form 8825, two crucial landlord tax forms. Financial reporting: Automatically generate financial reports like profit & loss reports to analyze the financial health of your business and plan for future rental endeavors.
Being a landlord involves reporting financial information to the IRS each year, and with accurate books, you can ensure that you qualify for more deductions. With software specifically designed to help you with tax prep, you can maximize these deductions and stay compliant with IRS policies.
Aside from tax preparation, platforms like Ledgre allow you to access a clear, up-to-date image of your rental finances with no hassle. These financial insights are instant and can offer a comprehensive look into a multitude of financial aspects of your business— whenever you need them. Ledgre’s unparallelled access to these vital tools makes it an obvious choice for landlords looking to implement accounting software.
Connecting the Worlds of Rental Accounting and Property Management
Landlord accounting software doesn’t do everything for you when it comes to running a rental business—which is why it’s not the only software rental property owners utilize in their everyday lives. Most specialized accounting software platforms won’t include important property management features, like rent collection, tenant screening, or maintenance requests. That’s where property management software comes in. Platforms like Ledgre can integrate with supported property management software like Innago to connect the worlds or rental accounting and property management. Innago is free property management software that includes features such as:
- Online rent collection
- Maintenance management
- Tenant screening
- Digital document signing and lease management
- And more
With Ledgre, all your important rental finance data like income, expenses, and property details, can be connected with a free Innago account to store all of your rental business information in one central location. Instead of updating your data on two separate platforms to manage your units, you can let your software do the work for you and communicate with each other instead, making your job easier and your property management more efficient.
Conclusion
As you make a list of plans and goals for 2025, be sure to include a software subscription that can meet all your accounting and tax needs. By implementing a powerful tool for your business that can automate and simplify financial processes, you’ll reduce errors, keep your books up-to-date, and have more time to dedicate to growing your portfolio—we’d call that starting the year on the right foot.
Accessibility