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Recurring expense management

Create a recurring expense You have the option to create a recurring payment from the “Finances” section by selecting “Add an Expense”. Choose the type of payment, the frequency of recurrence, as well as the start and end dates, then click on “Save”. The creation of a recurring expense has several advantages, including: Automated management: It allows for the automation of tracking regular expenses, such as monthly or annual bills, thus avoiding the need to manually enter this information each time. Time saving: By setting up a recurring expense, you save time by not having to enter the same payment Read more

Amortization

Certain expenses are deductible from taxes. Amortization refers to the loss of value of an asset over a given period. Each year, it is possible to deduct the amount of this loss in value. To record amortization, follow these steps in the Finances section: Click on “Add an expense”. Choose the type “Amortization”. Select the duration of amortization. Save the information by clicking on “Save”. Rentila uses the straight-line amortization method. This method evenly distributes the cost over the amortization period. The calculation formula is: Annual amortization = Amount of the expense / Duration of amortization. Examples of usage duration Read more