Best EOFY Tools for Australian Landlords (2026): 5 Options Compared

EOFY (End of Financial Year) is the date every Australian landlord either prepares for or scrambles through. On 30 June, the financial year closes and everything you earned, spent, and depreciated on your rental property needs to be compiled for your tax return. The difference between a stressful EOFY and a smooth one usually comes down to one thing: whether you tracked your property finances throughout the year or left it all to the last minute.

The tools in this guide help Australian landlords prepare for EOFY. Some are year-round tracking tools that make EOFY a simple export. Others are last-minute aids for landlords who need to get organised quickly. The best approach is year-round tracking, but we have included options for every situation.

1. propkt (Tax Package Export)

Best for: Landlords who want one-click EOFY preparation with depreciation included

Pricing: Free for one property. Pro plan from $12/month for unlimited properties.

propkt's EOFY strength is the tax package export. If you have been tracking income, expenses, and depreciation throughout the year, generating your EOFY package is a single click. The export bundles:

• Income summary: total rental income by property
• Expense report: categorised expenses with tax-deductible items flagged
• Depreciation schedule: current year deductions for all Division 40 and Division 43 assets
• Receipt attachments: digital copies of all receipts attached to transactions

This package is designed for your accountant. Hand it over and they have everything they need to prepare the rental property section of your tax return. No chasing missing receipts, no reconstructing expenses from bank statements, no guessing at depreciation figures.

The key is that propkt works best when you use it throughout the year. The expense tracking lets you record transactions and flag them as tax-deductible as they happen. The depreciation feature calculates deductions automatically once you have entered your assets. The tax summary shows your running position at any time, not just at EOFY.

Pros:

• One-click tax package export for accountant handoff
• Includes income, expenses, depreciation, and receipts
• Depreciation calculated automatically using ATO rates
• Year-round tracking makes EOFY a formality
• Free tier includes all tax features for one property

Cons:

• Does not lodge your tax return
• Requires year-round tracking for best results
• No bank feed integration (manual entry)
• Last-minute catch-up is possible but not ideal

Best if you want EOFY to be a one-click export rather than a week-long scramble. Start using propkt at the beginning of the financial year for the best experience, though you can backfill historical data at any time.

2. TaxTank

Best for: Multi-asset investors who want automated EOFY preparation across property, shares, and crypto

Pricing: From approximately $20 to $40/month depending on plan and asset types.

TaxTank is designed by Australian accountants to make EOFY straightforward for investors. The bank feed integration means most transactions are imported and categorised automatically throughout the year. When EOFY arrives, your data is largely complete.

For rental property, TaxTank calculates your net rental income, applies depreciation deductions, and shows your tax position. If you also invest in shares or crypto, TaxTank calculates capital gains tax across all asset classes. The combined view shows your total investment tax position, which is what your accountant needs to prepare your return.

TaxTank also includes tax forecasting, which helps you plan before EOFY. If you know your rental property is negatively geared and you want to understand the impact on your overall tax position, TaxTank can model that.

Pros:

• Bank feed integration for automatic transaction capture
• Multi-asset class support (property, shares, crypto)
• Tax forecasting to plan before EOFY
• Capital gains tax calculations
• Reports designed for accountant handoff

Cons:

• No property management features
• No free tier
• Higher price point
• Does not lodge returns directly

Best if you have a diversified investment portfolio and want automated EOFY preparation across all your investments with minimal manual data entry.

3. ATO myDeductions App

Best for: Budget-conscious landlords who want a free, government-provided deduction tracker

Pricing: Free.

The ATO myDeductions app is a free tool provided by the Australian Tax Office for tracking deductions throughout the year. The app lets you photograph receipts, record expenses, and categorise deductions as they occur. At EOFY, you can export your records or upload them directly to myTax for your tax return.

For rental property, myDeductions handles basic expense tracking. You can record rental income, expenses like insurance and repairs, and photograph receipts for each. The app is designed for all types of tax deductions (not just property), so it also covers work-related expenses, car expenses, and other deduction categories.

The limitation is that myDeductions is a basic recording tool, not a property management platform. It does not calculate depreciation, does not produce structured reports, and does not track tenants, leases, or maintenance. It is a digital receipt box with categorisation.

Pros:

• Completely free (government-provided)
• Receipt photography and expense recording
• Direct upload to myTax for return preparation
• Covers all deduction types, not just property
• Simple and straightforward

Cons:

• No depreciation calculations
• No property management features
• Basic categorisation (not property-specific)
• No structured EOFY reports for accountants
• No financial dashboards or summaries

Best if you want a free, basic deduction tracker and plan to use myTax for lodgement. Good as a supplement to other tools rather than a complete solution.

4. Excel or Google Sheets Templates

Best for: Landlords who prefer a DIY approach and want full control over their EOFY preparation

Pricing: Free (Google Sheets) or included with Microsoft 365.

Spreadsheets remain the most common EOFY preparation tool for Australian landlords. A well-structured spreadsheet with tabs for income, expenses, depreciation, and a tax summary can produce everything you need for your accountant or tax return.

The advantage of spreadsheets is control. You structure the data exactly how you (or your accountant) want it. You can create custom categories, add formulas for running totals, and produce summary reports that match the rental property section of the tax return.

The disadvantage is everything else. You need to build the structure yourself, enter data manually throughout the year, maintain formulas, and ensure accuracy. Spreadsheets do not calculate depreciation automatically, do not send reminders, do not store receipts, and are prone to errors that compound over time.

For a comparison of the spreadsheet approach versus purpose-built tools, see our propkt vs spreadsheets comparison.

Pros:

• Full control over structure and format
• Free (Google Sheets) or low cost (Excel)
• Familiar to most landlords and accountants
• Can be customised for any reporting need

Cons:

• Requires manual setup and maintenance
• No automatic depreciation calculations
• Error-prone (broken formulas, missed entries)
• No receipt storage or document management
• No reminders or automation
• Time-consuming to maintain throughout the year

Best if you are comfortable with spreadsheets, have simple property finances, and do not need depreciation tracking.

5. Accountant Software (Xero, MYOB, QuickBooks)

Best for: Landlords whose accountant manages their property finances in professional accounting software

Pricing: Varies. $13 to $50+/month depending on platform and plan.

Some landlords have their accountant manage their property finances directly in accounting software like Xero, MYOB, or QuickBooks. In this approach, the accountant sets up the accounting structure, bank feeds import transactions, and the accountant reconciles and categorises everything. At EOFY, the data is already in the accountant's system, ready for tax return preparation.

This is the most hands-off approach for the landlord. You may still need to provide receipts and confirm some transactions, but the heavy lifting is done by the accountant using professional tools.

The trade-off is cost. You are paying both the software subscription and the accountant's time for ongoing bookkeeping, not just EOFY preparation. For landlords with complex portfolios or limited time, this can be worthwhile. For landlords with one or two properties, it is usually more expensive than necessary.

Pros:

• Professional accounting and reconciliation
• Bank feed integration
• Data is already in the accountant's system at EOFY
• Handles complex scenarios (multiple properties, renovations, partial year)
• Minimal landlord effort required

Cons:

• Highest cost (software + accountant time)
• Landlord has less visibility into their own finances
• No property management features
• Dependent on accountant availability and responsiveness
• No depreciation tracking built into generic accounting software

Best if you have a complex property portfolio, limited time, and a trusted accountant who manages your finances.

Quick Comparison

EOFY Checklist for Landlords

Whatever tools you use, here is what you need at EOFY:

Income

• Total rental income received during the financial year
• Bond forfeitures or insurance payouts (if any)
• Other property-related income

Deductions

• Loan interest on your investment property mortgage
• Council rates and water charges
• Insurance premiums (landlord, building, contents)
• Repairs and maintenance costs
• Property management fees (if using a manager, see our guide on self-managing vs property managers)
• Body corporate and strata levies
• Land tax (deductible for investment properties)
• Pest control and cleaning
• Advertising for tenants
• Legal fees related to the property
• Tax agent fees for preparing the rental property section

Depreciation

• Division 40 (plant and equipment) deductions for the year
• Division 43 (capital works) deductions for the year
• New assets added during the year with their cost and effective life

Documentation

• Receipts for all expenses claimed
• Loan statements showing interest paid
• Insurance certificates
• Council rate notices
• Body corporate statements
• Depreciation schedule

When to Start EOFY Preparation

The answer is now. The best EOFY preparation is year-round tracking. If you record income and expenses as they happen, flag deductible items, and keep your depreciation schedule current, EOFY becomes a simple export rather than a reconstruction project.

If you are reading this in June and have not tracked anything all year, start with your bank statements. Export the year's transactions, identify rental income and property expenses, and compile them. Then set up a proper tracking tool for next year so you do not repeat the scramble.

How We Chose These Tools

We evaluated EOFY tools on criteria relevant to Australian landlords:

• Completeness: Does the tool produce everything needed for the rental property section of a tax return?
• Depreciation handling: Does it calculate depreciation automatically?
• Accountant-readiness: Can you hand the output directly to an accountant?
• Year-round usability: Does it support ongoing tracking or just EOFY catch-up?
• Cost: What does it cost relative to the tax benefit it enables?

Final Thoughts

EOFY does not need to be stressful. The landlords who find it straightforward are the ones who tracked their finances throughout the year. The landlords who find it stressful are the ones who left everything to the last week of June.

propkt's one-click tax package export makes EOFY as simple as it can be. Track your income, expenses, and depreciation throughout the year, and when June 30 arrives, export the package and hand it to your accountant. For a full walkthrough of what to prepare, see our EOFY landlord checklist for accountants. The free tier makes this available to every landlord with an investment property.

If you are not tracking depreciation, you are almost certainly underclaiming on your tax return. Use our depreciation calculator to estimate what you could be claiming. A property with $8,000 in annual depreciation deductions saves a landlord on the 37% tax rate $2,960 per year. That is $2,960 you lose every year you do not track it. Whatever EOFY tool you choose, make sure it handles depreciation.