What’s new in Propman X4.16

The latest Propman update focuses on making everyday financial and compliance tasks simpler, clearer and more reliable without adding complexity.

X4.16 introduces meaningful improvements to how you manage bank transactions, prepare for Making Tax Digital, and keep core processes running smoothly behind the scenes.

Below is a high-level look at what’s changed, and what it means for you. 

A new foundation for bank feeds and reconciliation

One of the biggest updates in this release is the first phase of Bank Feed functionality for the Tenant Ledger. Designed to reduce manual effort and improve confidence in your financial workflows.

What’s changed

• You can now import bank statements directly into Propman (CSV, TXT and QIF formats).
• A new Bank Statement screen  gives you a clear, auditable view of imported transactions.
• A dedicated Bank Matching screen helps you match transactions to tenant receipts, refunds or unallocated cash.
• Reconciliation is now driven from the bank transaction itself, rather than nominal detail.

Why it matters

• Less rekeying, fewer errors, and a clearer audit trail.
• A more structured, step-by-step reconciliation process.
• A solid foundation for future enhancements, including open banking and increased automation.

This is a practical step forward for teams handling high transaction volumes who want greater control without added admin.

Making Tax Digital: clearer setup, stronger compliance

With Making Tax Digital for Income Tax (MTD ITSA) approaching, X4.16 strengthens Propman’s support for structured, compliant property income reporting.

From April 2026, landlords and sole traders with qualifying property income (£50,000+) will need to submit quarterly digital updates. Propman supports the property income (SA105) elements of MTD ITSA through a dedicated module.

Please note: the MTD ITSA module is an additional, chargeable module. 

If you’d like more details or a tailored quote, please get in touch with our team.

What’s in the module

• Updated MTD configuration screens, with clearer separation between VAT and Income Tax.
• Improved Income Tax token management, including visibility of token status and renewal prompts.
• Enhanced SA105 mapping, with structured links between nominal codes and HMRC boxes.
• New and improved tax return calculation, submission, and reprint screens.

This module provies a clear structure and greter visibility when preparing property income data. Watch our free MTD session to understand what these changes mean for you and how Propman supports MTD compliance.

Why it matters

• Reduce the risk of errors through clearer configuration.
• Maintain structured links between nominal codes and HMRC reporting fields.
• Improve visibility over submission status and token management.
• Prepare property income data confidently, without needing to become a tax specialist.

Propman supports the reporting process. Your or your clients accountant remains responsible for tax advice and final calculations.

If you would like to:

• Understand whether MTD ITSA applies to you or your clients
• Discuss the MTD ITSA module
• Review pricing and implementation

Please speak to your Account Manager or complete this form to arrange a conversation.

Targeted improvements across everyday workflows

Alongside the headline changes, X4.16 includes a number of focused enhancements that improve reliability and usability across Propman, including:

• Updates to rent reviews and statutory forms to ensure compliance with the Renters Rights Act.
• Performance and stability improvements for all three Portals.
• Behind-the-scenes refinements to session handling and system resilience.

Ongoing fixes and stability updates

As with every release, X4.16 also includes a range of bug fixes and technical updates.

Rather than changing how you work, these improvements focus on:

• Correcting edge-case errors.
• Improving data handling and validation.
• Strengthening security and system stability.

In this update we have also undergone validation and testing to support Microsoft Windows Server 2025 environments

These changes ensure Propman continues to perform consistently as your portfolio and processes grow.

What next?

1. Book in your upgrade with our Tech Services team here. 
2. Submit your ideas on the Ideas Portal to help shape future Propman improvements.
3. Read the full X4.16 release notes for a detailed breakdown of everything included in this update.

As always, our support teams  are on hand to help you adopt these changes. Please reach  out to them here if you have any questions  or issues.