ABAKUS is the essential tax companion for Australian property investors, simplifying tax management and making it enjoyable (yes, really!) while helping you maximise your tax return.
Imagine a pocket-based financial management tool which stored your personal income and tax deductions along with all the receipts and cost based expenses associated with every property you own, allowing you to see your estimated annual tax return and the financial position of your portfolio at any time throughout the year, at just the touch of a button.
Well, now there’s an app for that!
Developed by property investors, for property investors, Abakus streamlines the financial management of your investment properties into one sleek, fun and easy to use app.
Using your smart phone from the comfort of your home or wherever you are on the go, with Abakus you can see an overview of the financial position of each property you own, scan receipts for property expenses straight into the Abakus app (never lose a receipt again!), and calculate your likely tax return at any time.
A comprehensive tax management system, Abakus is designed for everyday property investors. With an easy to use interface, record keeping is both simple and enjoyable. And come tax time, simply export your tax summary sheet ready for your accountant. With a download link for every receipt submitted throughout the year.
ABAKUS is a ground breaking and intuitive app, and the first of its kind helping Australians enjoy their property portfolio and maximise their returns.
This app goes well beyond receipt management and provides a complete portfolio overview. It is a tool for your future financial planning, great for mortgage brokers to see your position and a one-stop shop for you to see all your property and financial information.
All your receipts and information are stored on a secure cloud based server, meaning even if you lose your mobile device your receipts and tax deductions are safely stored. Simply log on another device and continue using your account and information.
With Abakus you will:
o ENJOY TAX TIME AND MAXIMISE YOUR RETURNS
o Add existing and new properties to your personal database
o Upload and store important property documentation in one place
o Add all cost base expenses, including an image of the receipt
o Add all your property and personal tax deductions, including an image of the receipt
o Keep track of your equity, LVR (Loan to Value Ratio) and financial position
o Review your properties pre and post-tax position.
o Easily add contact details for each property – Tenants, Mortgage brokers, Property manager, Insurance
o Review, sort and edit any expense submitted to your database
o Include the rental incomes.
o Export a complete tax summary and deductions ready to go straight to your accountant with links to download all receipts
o Export a comprehensive property overview and breakdown of each of your properties. Allowing you to compare performance, all on the same page
o Easily keep track and save cost base expenses for the life of all properties.
o Review previous financial years information.
When you sell a property in the future (1 year or 20 years) your accountant will need your purchase agreement, settlement documents and all other cost base expenses for that property! No worries; Simply export and download all cost base receipts you have submitted for the life of the property and sit back and enjoy minimising your capital gains tax.
ABAKUS is a subscription based app that is auto-renewable through your iTunes account. There is a 30-day free trial on first subscription, after which payment of $5.99 will be direct debited on a monthly basis. Price subject to change. Subscription is ongoing until you choose to cancel by turning off In-app purchases. Terms of Use and our Privacy Policy can be found at www.abakusapps.com.au. Abakus is not developed or associated with the ATO.