The #1 alternative to The Property Accountant
The Property Accountant helps investors organise their property finances and prepare tax-ready reports.
TaxTank goes further.
Property Tank manages your income, expenses, loans, depreciation, negative gearing and capital gains while automatically calculating how your properties affect your complete individual tax position.
Your properties do not exist in isolation from your salary, business or investments. Your tax software should not treat them that way.
- No Credit Card Required
- Built for Australian Property Investors
TaxTank or The Property Accountant: the short answer
Choose The Property Accountant if you want a simple property-focused tool for organising records, loan information and tax reports.
Choose TaxTank if you want broader Open Banking access, automated property transactions and your property results calculated as part of your complete individual tax position.
The Property Accountant organises your property numbers.
TaxTank calculates what they mean for your complete tax position.
As seen in
TaxTank vs The Property Accountant
Both platforms help investors manage property income, expenses, loans, depreciation and capital gains.
The difference is how much of your financial position they connect.
The Property Accountant focuses on property records and tax-ready reports, with Open Banking limited to loan accounts. TaxTank connects all transaction accounts, savings accounts, credit cards and loans while calculating your complete individual tax position.
The Property Accountant
- Simple Property accounting software
- Open Banking limited to loan accounts
- Other property transactions require separate entry or imports
- Property income and expense reports
- Depreciation tracking
- Property cost base and CGT tracking
- Property-focused tax reports
- Focused on property finances
- $3.99 per residential property monthly
- Separate pricing for other property types
TaxTank
- Property and individual tax software
- Open Banking for all bank account types
- Bank transactions imported and allocated to each property
- Automatic property tax calculations
- Depreciation and capital works calculations
- Automatic property CGT calculations
- Complete individual tax calculation
- Connects property, work, business and investments
- Up to five properties for $180 annually.
- More properties can be added for $36 per year. No limits
This comparison was reviewed in September 2026 using publicly available product information. Features and pricing may change.
Ready to go beyond property-only tools and get the full picture? TaxTank gives you smarter, real-time control over your finances and tax – without the guesswork.
Connect and understand your complete property position
Loan interest is only one part of managing an investment property.
The Property Accountant’s Open Banking feeds are limited to loan accounts. TaxTank connects all transaction accounts, savings accounts, credit cards and loans through more than 180 Australian financial institutions.
Rental income, property expenses, loan interest, fees and repayments can flow into TaxTank and be allocated to the correct property.
You can also track property values, loans, equity, loan-to-value ratios, cash flow and portfolio performance. For Australian properties, CoreLogic data helps keep your property values and equity current.
The Property Accountant connects your loans.
TaxTank connects and calculates your complete property position.
Know what your properties mean for your tax
Recording property income and expenses is useful. Automatically calculating the tax result is better.
Property Tank brings together rental income, expenses, loans, deductible interest, depreciation, capital works, negative gearing and capital gains.
TaxTank then calculates how each relevant property affects your complete individual tax position.
No separate property tax spreadsheets. No rebuilding your figures at tax time. No waiting until the end of the financial year to understand the result.
Manage more than property records
Your tax position is not determined by your properties alone.
TaxTank connects your property results with your salary, PAYG withholding, work deductions, sole trader activities, shares and cryptocurrency.
It also supports Australian and foreign properties held personally, jointly or through companies, trusts and SMSFs.
Relevant personally owned property results flow into your individual tax calculation, while other ownership structures remain separately recorded.
Everything stays connected in one platform.
Compare the cost of managing your properties
The Property Accountant charges different rates depending on the property type, starting at $3.99 per month for a residential property and increasing to $7.49 per month for a commercial property. Rooming houses and blocks of units are charged per room or unit.
Property Tank costs $180 per year for your first five properties, regardless of whether they are residential, commercial, Australian, foreign or held through different ownership structures. Additional properties cost $36 per year each.
No higher price for commercial properties. No separate charge for every room or unit.
You get broader Open Banking access, complete property management and automatic individual tax calculations for one clear annual price.
- Free Trial
- No Credit Card Required
- Cancel Anytime
PROPERTY TANK
Simply add Property Tank so you can monitor your whole property portfolio in one place. You can manage up to 5 properties for only $15 a month.
$15/month
Paid Annually
ADDITIONAL
PROPERTIES
Have more than 5 properties? No problem, you can add as many as you like with our property add-on.
$3/month
Paid Annually
What Property Investors say about Australia’s first software built to calculate property tax in real time
TaxTank helps property investors replace spreadsheets, receipt folders and disconnected property apps with one live view of their portfolio, performance and tax.
It's literally about 10 minutes a week to allocate transactions and I'm on top of my paperwork which means no more spreadsheets or tax time stress.”
Frequently asked questions
Yes. TaxTank is the best alternative for Australian property investors who want broader Open Banking access, automated property transactions and automatic individual tax calculations.
Not at all. TaxTank keeps records complete and accurate so your accountant can finalise your return faster (and for less cost).
No. That’s where TaxTank stands apart. You get property plus work, sole trader, shares, crypto, and more – all integrated into your live tax position.
No. It only connects to loan accounts, so you can’t bring in live transactions from your everyday bank or credit card accounts. That means most property-related expenses need to be added manually.
Yes. Both platforms allow collaboration, but with TaxTank you stay in control, with live visibility yourself all year round.
With TaxTank, you always know how much tax you owe across all income types, updated instantly with every transaction. No waiting until tax time, no nasty surprises.
Correct. Both handle depreciation, but The Property Accountant doesn’t include low value pooling or automatic asset write-offs under $300.
TaxTank goes further by automating borrowing expenses, creating DIY projects for improvements, and managing asset depreciation across multiple income sources (work-related, business, property, or investment). You can also write off assets that you replace to ensure you claim everything you’re entitled to.
The Property Accountant provides only summary-level CGT reports. TaxTank includes live, real-time CGT calculations across property, shares, and crypto so you can see your position instantly and plan before you sell.
The Property Accountant lets you track property income and expenses and generate reports. TaxTank includes CoreLogic-powered property values, live equity and LVR calculations, yields, borrowing power reports, and capital growth tracking which gives you a full investment performance picture, not just the numbers you need for tax time.
Yes, TaxTank is perfect for managing multiple properties. From tracking individual income and expenses to calculating deductions and capital gains, Property Tank makes it easy to stay on top of your property portfolio. You can also manage different types of property portfolios like those that are held in trusts, SMSFs or other types of structures.
Property Tank costs $180 per year for up to five properties. Additional properties cost $36 per year each.
Go beyond simple property accounting
Organising your property records is useful. Connecting your complete property finances and automatically calculating the tax result is better.
TaxTank connects eligible bank accounts, credit cards and loans while managing your income, expenses, depreciation, negative gearing and capital gains.
No loan-only bank feeds. No separate property tax spreadsheets. No waiting until tax time to understand the result.
The Property Accountant prepares your property reports.
TaxTank calculates what your properties mean for your tax.