A new year is the best time to reset your accounting habits and start fresh with clean, reliable books. Whether you manage a few properties or a growing portfolio, these simple practices can make a big difference all year long:
Reconcile accounts regularly: Make sure every transaction matches your bank records to catch issues early.
Separate personal and business finances: Clear boundaries, accurate reporting, and less time at tax season.
Use consistent categories: Clean, structured data makes reports easier to understand and trust.
Limit who can edit financial data: Fewer hands on the books means fewer mistakes.
Run reports frequently: Monthly reviews help find problems before they grow.
Most landlords and property managers know these best practices, the challenge is keeping them up as your portfolio, transactions, and team grow.
MagicDoor helps you do all of this in one place:
Organizes every transaction using double-entry accounting
Keeps reports consistent across cash and accrual views
Lets you control who can view or edit financial data
Start the year organized, confident, and ready to scale.
Cheers,
Kasper from MagicDoor