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Average Ratings 0 Ratings

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ease
features
design
support

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Write a Review

Description

Nexus serves as a digital platform designed for Making Tax Digital (MTD) accounting and reporting, specifically tailored for letting agents in the UK and their landlord clients. This innovative portal integrates seamlessly with various agent platforms such as Reapit, PayProp, SME Professional, LettsPay, and Alto, consolidating vital property, ownership, rental income, and expense information into a landlord's account. Landlords are able to examine transactions, modify allowable expenses, input pertinent income or expenses, and prepare as well as submit their quarterly MTD updates, along with the annual final declaration to HMRC. Furthermore, they have the option to invite an accountant to either review their records or submit documents on their behalf. Letting agents present Nexus through a supported platform, while landlords can activate their accounts using an invitation or a signup link provided by the agency. Notably, Nexus operates as a distinct product within Landlord Studio aimed at landlords collaborating with participating letting agents, rather than functioning as a standalone service for direct sign-ups. This unique approach enables agents to enhance their MTD workflow by utilizing data already held within their systems, ultimately streamlining the accounting process for landlords. Thus, Nexus represents a significant advancement in simplifying tax management for both letting agents and landlords alike.

Description

RentalOps serves as a bookkeeping solution tailored for Canadian landlords, helping them efficiently manage their rental income and expenses for tax obligations. The software allows users to monitor revenue and expenditures by each property, keeps digital copies of receipts, and classifies costs according to the CRA T776 guidelines. This enables landlords to assess profit and loss on a property basis, maintain thorough records throughout the year, and prepare T776 summaries ready for their accountants. Additionally, RentalOps provides assistance in tracking capital cost allowance (CCA) to ensure compliance and accurate reporting. Designed with rental-specific categories, it minimizes the need for landlords to manually adjust general accounting categories when preparing their tax documents. The application specifically targets part-time landlords and those owning small rental portfolios, typically encompassing one to ten properties. With features that allow users to input rental income, allocate expenses to the correct property and tax classifications, and keep organized receipt records, RentalOps streamlines the process of rental-income reporting for Canadian landlords, enhancing their financial management experience. Ultimately, this software not only simplifies bookkeeping but also empowers landlords to stay organized and compliant with Canada’s tax regulations.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

Screenshots View All

No images available

Integrations

Alto Yes 
LettsPay Yes 
PayProp Yes 
Reapit AgencyCloud Yes 

Integrations

Alto No 
LettsPay No 
PayProp No 
Reapit AgencyCloud No 

Pricing Details

£12/month
A 14-day free trial is available to invited landlords. Subscriptions are £12/month or £120/year, plus VAT; unlimited properties. Cancel anytime.
Free Trial Yes 
Free Version No 

Pricing Details

CA$6.99/month
The Starter plan is CA$6.99/month for 1 property. Core is CA$9.99/month for up to 5 properties, and Pro is CA$19.99/month for unlimited properties. Yearly billing saves 20%, and each plan includes a 7-day free trial.
Free Trial Yes 
Free Version No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours No 
Live Rep (24/7) No 
Online Support Yes 

Customer Support

Business Hours No 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) No 
In Person No 

Types of Training

Training Docs No 
Webinars No 
Live Training (Online) No 
In Person No 

Vendor Details

Company Name

Landlord Studio

Founded

2016

Country

United Kingdom

Website

www.landlordstudio.com/uk/nexus

Vendor Details

Company Name

RentalOps Canada

Country

Canada

Website

www.rentalops.ca

Product Features

Product Features

Bookkeeping

Accounts Payable No 
Accounts Receivable No 
Bank Reconciliation Yes 
Billing & Invoicing No 
Cash Management Yes 
Collections No 
Expense Tracking Yes 
Fixed Asset Management Yes 
General Ledger No 
Payroll No 
Revenue Recognition No 
Spend Management No 
Tax Management Yes 

Alternatives

RentalOps Reviews

RentalOps

RentalOps Canada

Alternatives

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LET NEXUS

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