Designed for landlords
If you’re a landlord or a bookkeeper or accountant who works with landlords, then you need to take a look at Hammock.
Hammock is an easy software solution for managing property finances. It connects all the dots and seamlessly processes expenses and income for your properties.
Organise your property empire
Whether you have just one property or have a property empire, Hammock revolutionises the way you organise your payments. Your income and expenditure will automatically be reconciled, enabling you to have real-time financial monitoring and make practical business decisions off the back of it.
Real time notifications
Whenever a rental or mortgage payment is made, Hammock will inform you in real time. Not only that, but it will also inform you when a tenant payment has been missed. This is invaluable for credit control and budget management.
Digital storage
You can attach receipts and invoices to transactions on the go, so there’s no need to scan in stacks of paper or keep them in a shoebox. You can also store important documents such as insurance papers and gas safety certificates, and it will inform you when something is about to expire.
Integrations
Hammock integrates with Xero. It will map the categories in Hammock to the account codes in Xero, and the transactions will be synchronised. You can create separate Hammock feeds for different property ownership structures, for instance, you could calculate a subtotal, pro rata, per share of ownership.
Or Hammock can stand alone without syncing to Xero.
Additionally, it connects to over 50 UK banks.
Automatic reconciliation of letting agent fees
Hammock automatically reconciles the rental payment received by the landlord and the related letting agent fee, whilst recording the full amount as gross rental income.
Manage joint ownership of properties
Hammock accommodates all property ownership structures. Individual owners, joint ownership and also ownership via a limited company with multiple shareholders. All taxable income and expenses are displayed in full, as well as pro rata per individual owner or shareholder.
VAT
Hammock is not suitable for VAT registered landlords.
Like the sound of it?
If you’d like to learn more about how Hammock could work for you, organise an appointment with us today and ask for a free trial.
