- +232 73 253666
- hello@slonec.com
- 1 Hannah Benka-Coker Street, Freetown, Sierra Leone
Home Accountancy Accountancy for property managers
Accountancy for property managers
Clear rent records, landlord statements and tax returns for the properties you manage.
Prefer to talk? Call +232 73 253666 or message us on WhatsApp.
Managing property means handling money that belongs to other people: rents, deposits, service charges and repair costs, often across many units and several owners. Owners expect clear statements, tenants expect their deposits back, and rental income must be declared for tax. Good records protect you and your clients.
Our Sierra Leone tax calculator includes a rent tax calculation you can use for a quick estimate.
Rental income in Sierra Leone is taxable, and landlords and agents are expected to keep records that show what was collected, what was spent and what tax applies. In practice, many portfolios are run on receipts books and messages, with rent paid in advance for a year or more, deposits held for long periods and repairs paid in cash. That works until an owner asks for a statement, a tenant disputes a deposit or the NRA asks how much rent was received.
We set up records by property and by owner, keep client money separate, and produce statements owners can trust. The same records feed your rent tax and other returns, and the accounts of your own management business. Our tax calculator includes a rent tax calculation for a quick estimate.
Scope and fees are agreed in writing before work starts.
1
Initial call about your portfolio and how records are kept now.
2
Quote for the monthly work and statements.
3
Set-up of property and owner records.
4
Advance rent should be recorded when it is received and allocated to the period it covers, so owner statements and tax returns show the right figures. We set this up for each property.
Yes. Many property owners in Sierra Leone live overseas. We prepare clear statements of rent, costs and balances that you can send to them each period.
Yes, rental income is taxable. How the tax is calculated and paid depends on whether the landlord is an individual or a company and on the arrangements with tenants. We work out the position for each owner.
Yes. We record service charge income and building costs separately, so you can show each owner and tenant what was collected and how it was spent.
Yes. We can keep the rental records for completed units alongside the accounts of the development company, so both are in order.
Freetown · 1 Hannah Benka-Coker Street
Your work is handled by the SLONEC Accountancy team at our Freetown office and overseen by Ishmael Bangura, who founded SLONEC in 2023 and is a professional accountant. When you get in touch, we tell you who your day-to-day contact will be and how to reach them, and we agree the scope and fee in writing before any work starts.
Tell us what you need, or book a call to talk it through first.
SLONEC is an accountancy and consultancy firm that specialises and provides a wide range of accountancy and consultancy services to individuals, businesses, and organisations within Sierra Leone and beyond.