Property accounting is different
Income is by unit, expenses are by property, and owners need statements. General accounting software does not understand leases and cheques.
Must-have features
- Recurring rent invoices and receipts
- 5% VAT on commercial rent where it applies
- Tax invoice details including TRN
- Expense tracking per property
- Owner statements and management fees
- Excel and PDF export for your accountant
VAT note
Commercial rent is generally subject to 5% VAT, while long-term residential rent is generally exempt. This is general information, so confirm your position with a UAE tax adviser.
LeaseLogic accounting
LeaseLogic ties invoices, receipts and expenses to the property, unit and lease, so reports are accurate without double entry.
Related: Accounting & VAT
Keep rent, expenses and owner statements under control, with VAT handled where it applies. Learn more about Accounting & VAT.
