Which Xero Plan Should Landlords Use?

If you're a UK landlord trying to prepare for Making Tax Digital (MTD), one of the first questions you may have is which accounting software to use. Many landlords are choosing Xero, but the pricing page can be confusing. There are several plans including Simple, Ignite, Grow and Comprehensive, and it isn't always obvious which one is suitable for a property portfolio. In this video I explain which Xero plan most landlords should choose, and why in many cases the Simple plan is more than enough for a typical rental property business. We cover: • Which Xero licence works best for landlords • How bank feeds help automate your bookkeeping • How to track profitability for each property using tracking categories • When landlords may need to upgrade to Ignite or Grow • How HubDoc receipt scanning works with Xero With Making Tax Digital for Income Tax (MTD IT) approaching, landlords will increasingly need to keep digital records and use compatible software to report their income. Accounting software like Xero can make this process much easier by: • automatically importing bank transactions • organising rental income and expenses • producing profit and loss reports • keeping your records ready for MTD reporting I run my own property portfolio on Xero and have helped hundreds of businesses and landlords set up accounting systems, so in this video I'll show you the simplest way to choose the right plan.