Worthic includes real estate functionality for owners who want to manage property finances as part of their broader personal, household or owner-managed business finances. It is not a full estate agency or property management platform, but it does support many of the financial workflows that property owners actually need: tracking rental income, expenses, deposits, occupancy, property values, ownership, reporting and tax-supporting records.
Properties can be set up as reporting lines, allowing each property to have its own financial view. This is useful for a personal residence, holiday home, rental property, multi-unit property, short-term rental, long-term tenancy, or property held through a company, trust or other owner structure. Worthic can separate each property’s income, expenses, accounts, documents, assets and liabilities while still allowing everything to roll up into broader cashflow and net worth reporting.
Worthic can support guest bookings and tenant records. Users can upload or import booking and tenancy information, and custom integrations can be created where needed. This allows rental payments received in bank accounts to be matched against expected guest or tenant payments. When expected payments are not received, Worthic can help flag overdue amounts, making it easier to see which rentals are paid, unpaid or partially paid.
For short-term rental and multi-unit scenarios, Worthic can track occupancy, nightly rates and booking performance. A property can be analysed by unit, booking period, guest, rental income, fees and related costs. This helps owners understand not only whether money came in, but how well the property performed: occupancy percentage, average nightly rate, revenue trends and the relationship between bookings, expenses and net cashflow.
Worthic can also support property expense accounts managed by a rental agent, body corporate, property manager or other third party. These may be non-bank ledger accounts where the managing agent receives funds, pays property expenses, deducts fees, records owner disbursements and reports a running balance. Worthic can track these accounts separately from ordinary bank transactions, so agent-managed costs such as maintenance, cleaning, levies, utilities, repairs, commissions and owner payouts can be reconciled against statements or payment advices. This helps owners see both the bank-side movement and the agent-side ledger position without mixing the two.
Track and manage guest and tenant deposit accounts. Deposits can be tracked separately from rental income so that refundable amounts, retained amounts and deposit movements are not confused with ordinary revenue. This is important for keeping rental cashflow clean and for understanding what money belongs to the owner versus what may still be owed back to a guest or tenant.
Users can track property values, related loans, improvements, fixtures, assets and depreciation where relevant. It can also maintain cost-base information for capital gains tax purposes, including acquisition costs, qualifying improvements and other supporting records that may be needed when calculating gain or loss on disposal. Worthic does not replace tax advice, but it helps organise the records and calculations that support a CGT review.
Property documents can be stored against the relevant property, unit, tenant, guest, booking, loan, asset or reporting period. This can include lease agreements, guest booking confirmations, agent statements, invoices, receipts, mortgage statements, insurance policies, valuation reports, municipal accounts, levy statements, tax certificates, improvement records and CGT cost-base evidence. Keeping documents connected to the property’s financial records makes monthly review, annual P&L preparation, rental queries, deposit checks, insurance claims and tax work much easier because the numbers and source documents are organised in the same place.
The real estate module is therefore best understood as property finance intelligence: ownership-aware property tracking, rental payment matching, occupancy reporting, deposit management, expense accounts, monthly cashflow statements, annual P&L reporting, asset and depreciation tracking, and CGT cost-base support. It helps property owners see what each property earns, costs, owes, owns and contributes to their overall financial position.