Rental property workpapers, from the pile.
A rental schedule per property, built from the client’s statements, invoices and notices, with every figure traced to its page.
What PrepDesk does for a rental
Drop the client’s documents in as they came. PrepDesk reads them and builds one tab per property: income, deductions before interest, interest, and net rent. Every row shows the page it came from and how it was treated, and anything doubtful becomes a question for your team.
The documents it reads
Property manager annual and monthly statements, loan statements and interest summaries, depreciation schedules, council rates notices, water bills, landlord insurance, strata or body corporate levies, repair and maintenance invoices, land tax assessments, settlement statements and the ATO pre-fill report. Photos of paper documents work too.
The schedule, row by row
- A figure spread over several statements is added up, with a note saying so.
- An invoice that may be capital and not a repair is marked Check and becomes a question.
- A bill dated after 30 June, or interest on a loan that may not be for the rental, is flagged with its reason.
- Items that don’t belong in the year are left out and listed with the reason.
Jointly owned properties
Each owner gets their own workpaper for the property, split by their ownership share. An edit applies to every owner’s copy, and the shares always add back to the property’s total.
The right income year
Plain code, not AI, reads the dates on each document and applies the Australian income year, 1 July to 30 June. A year it can’t determine goes to a person, flagged.
What comes back
Two files. One ordered PDF with a lead sheet, and the workbook as Excel. Each row gives its page number in the PDF, so a reviewer can check any figure against its source.
The judgement stays yours
Repair or improvement, private use, apportionment: tax calls stay with your team. PrepDesk prepares the workpaper for your review and lodges nothing.