Property portfolio management platform Lendlord has launched an integration with accounting software provider Xero.
The integration will allow users to link their Xero account with their Lendlord account.
This in turn enables the automatic transfer of information on transactions, which allows for landlords to track the cashflow of their property investment.
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This feature is a complementary solution to the open banking integration recently launched by Lendlord, which enabled users to link the platform with their bank account.
Aviram Shahar, co-founder and chief executive at Lendlord, said: “Lendlord users said they wanted an integration with Xero and we have responded.
“The benefits for property investors are huge as they can allocate income and expenditure to the correct property, track rent collection and reconcile transactions to get better insights into their portfolio performance.
“This is another great extension to the Lendlord platform and it’s a good time for landlords to start tracking their transactions in the new tax year in a digital way.”