Making Tax Digital
Our HMRC-recognised software for MTD is specifically built to support landlords and their accountants through their transition to Making Tax Digital.
LNPG offer: Get Hammock for free for 30 days. Then enjoy 50% off monthly and annual subscription
Find a recap of taxable rental income and allowable expenses, together with the detail of each categorised transaction. All the information is ready for you and your accountant to review.
Hammock is the the software of choice to manage rental income and expenses for Sage and for leading accountants in the UK.
In 5mins Hammock can sync with your transaction history, no need to download bank statements. Don’t spend the weekend looking for transactions in multiple bank accounts. Hammock handles arrears and missing payments, and even provides reports to share with your accountant.
Get real-time notifications for all your property income and expenses payments. Rent payments and all recurring expenses are reconciled automatically with the relevant property and tenancy.
Hammock gives you real-time access to your rental income and expenses, 24/7, both via web and on mobile app.
Stay on top of compliance with Hammock’s document storage and calendar reminders. Upload your insurance policies, gas safety certificates and other documents, set their expiry date and Hammock will send you reminders as the expiry date approaches.
Say goodbye to complicated spreadsheets, forgotten expenses and loose receipts with our easy-to-use app that helps stay on top of your rental income and expenses.
Say goodbye to complicated spreadsheets, forgotten expenses and loose receipts with our easy-to-use app that helps stay on top of your rental income and expenses
Register with Hammock and enjoy all functionalities for free for 30 days.
After 30 days, LNPG members get 50% off our monthly subscription plans. Don’t worry, you can cancel at any time.
Extremely easy to use, the rent checking is amazing, it takes a weight off my mind.
Hammock is like a dream come true, it’s just what I've been looking for.
Hammock is the best thing I’ve seen out there.
I love getting a text message when a rent payment hits my account.
I now feel like I’m in control, which I wasn't before. And my tax return used to take 2 or 3 days and now will take half an hour.
Hammock helps me track my P&L easily and has made my tax return so much simpler.
Hammock is the accounting platform for UK landlords. From a single platform, landlords can manage all transactions related to their rental properties, access automated bookkeeping services and keep track of their property tax statement. Landlords can securely connect unlimited bank feeds (we are FCA registered no. 911254) to bring all their property finances in one place.
All rent payments, together with other incoming and outcoming transactions for all properties in a landlord’s portfolio, are then categorised in Hammock and reconciled in real-time.
Hammock’s automated bookkeeping matches incoming and outgoing payments with the relevant properties and tenants, all in real-time. This means that landlords will not have to browse through bank statements, finding and highlighting expected transactions and painstakingly tracking any late or missing ones. Hammock will reduce all the time spent on administrative tasks for property finances to a quick tap on the phone (we have mobile apps for both Apple and Android devices) and a scan of a landlord’s reconciled transactions.
All the payments reconciled then feed directly into the property tax statement, where they are mapped against the categories of the SA105 form (the document to fill for those who have income from property). The tax statement is updated in real-time, so landlords will have no surprise tax bills to deal with. Hammock also provides an estimate of the total amount ot the tax bill and gives landlords an option to save over time, so funds dedicated to paying tax are stored away during the year, instead ot being chased
last minute.
The reconciled payments also feed the Hammock insights, that display in real-time all the key metrics to monitor for buy to let investments. Loan to value ratio, profit and loss statements, rental yields and more are available 24/7 and refreshed in real-time.
Landlords receive instant notifications about all payments, and also periodic summaries and statements to keep tabs on their cash flow. Hammock keeps a running total of the arrears balance per property and per tenant, making it easy to spot any missing payments immediately and to agree on repayment plans.