Understanding Portfolios
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This guide explains how and when to use portfolios. To add a new portfolio please see this guide Adding A New Portfolio
Portfolio Overview
In essence, a portfolio is it's own instance of the software and can be run as it's own separate business. Each portfolio has it's own list of properties, Chart of Accounts and set of reports so that you can manage each entity separately within Landlord Vision. Portfolios cannot be combined within the software. Typically, we would recommend that you set up like this:
Private portfolios
If you own your own properties, put them in to one portfolio. The software will then be able to produce a report for all of your properties.
If also you co-own some properties with another person, again keep them in the same portfolio as the ones you own yourself. You can set ownership percentages on each property and produce a tax report and do MTD submissions based on these for each owner.
Company portfolios
Each company should have it's own portfolio so that you can run a set of reports for that company.
Bank Accounts
Bank accounts cannot be split among portfolios. If you have two owners with otherwise completely separate data, it is easier to run everything in the same portfolio, otherwise you will need to upload the bank account twice and then ignore everything that is not related to your portfolio.
Accounting
Landlord Vision will now produce all of its reports based on the information contained within each portfolio. If you want information about another portfolio, you will need to switch over to it.
User Access
If you have a portfolio that involves a partner but you don't want them to see information in another portfolio, you can restrict their user access. Go to You name badge (top right) > Team > Invite Users and enable and disable access to the portfolios as desired. For read-only access, just limit the other user to the Reports module. This is available on the Premium and higher plans only.
Portfolio Overview
In essence, a portfolio is it's own instance of the software and can be run as it's own separate business. Each portfolio has it's own list of properties, Chart of Accounts and set of reports so that you can manage each entity separately within Landlord Vision. Portfolios cannot be combined within the software. Typically, we would recommend that you set up like this:
Private portfolios
If you own your own properties, put them in to one portfolio. The software will then be able to produce a report for all of your properties.
If also you co-own some properties with another person, again keep them in the same portfolio as the ones you own yourself. You can set ownership percentages on each property and produce a tax report and do MTD submissions based on these for each owner.
Company portfolios
Each company should have it's own portfolio so that you can run a set of reports for that company.
Bank Accounts
Bank accounts cannot be split among portfolios. If you have two owners with otherwise completely separate data, it is easier to run everything in the same portfolio, otherwise you will need to upload the bank account twice and then ignore everything that is not related to your portfolio.
Accounting
Landlord Vision will now produce all of its reports based on the information contained within each portfolio. If you want information about another portfolio, you will need to switch over to it.
User Access
If you have a portfolio that involves a partner but you don't want them to see information in another portfolio, you can restrict their user access. Go to You name badge (top right) > Team > Invite Users and enable and disable access to the portfolios as desired. For read-only access, just limit the other user to the Reports module. This is available on the Premium and higher plans only.
