Finance

Add an additional amount to a rent

You can add additional amounts to a rent. These lines can be of two types: “Rent” or “Charge”, such as cleaning, parking, taxes, and other exceptional payments. To do this, you simply need to provide the information in the “Other charges” section. You can add them to a rent already generated in the “Finances” section or at the time of creating a tenancy. If you add them to a tenancy, these payments will appear on the tenancy agreement and all associated rent receipts and payment notices.

Record a payment (tenant payment, housing benefit…)

Once the rent is generated in the “Finances” section, you have the option to record one or more payments, whether it’s the tenant’s payment, aids, or allowances received directly. To do this, use the “Record a Payment” option available in the action menu on the right. For each payment, or recorded receipt, you can enter the following information: The amount, The payer, The means of payment, The date of receipt. Each rent can be associated with one of the following states: Paid: The tenant has fully paid the rent. Awaiting: The tenant has not yet paid the rent, but the Read more →

Create, modify and delete a loan/mortgage

To add a loan, you have two options: Go to the “Finances” section, then click on “Loans/Mortgages” and finally on the “Import a Loan” button to import a payment schedule; Go to the “Finances” section and create a new recurring expense of type “Loan” from the “Finances” section or import a payment schedule. Create a loan with a recurring “Loan” expense If you choose to create a recurring expense of type “Loan”, you have the option of using the automatic payment schedule calculation. To do this, you will need to provide the following information: The start and end date, The Read more →

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 →