Finance

Recurring payment

Create a recurring payment You can create a recurring payment in the Finance section, Add an expense. Choisissez le type, la fréquence, la date de début et de la fin, puis cliquez sur Sauvegarder. Edit a recurring payment If you need to edit a recurrent payment, identify the last payment generated in Finance, edit it and Save. This change will apply to all future payments, however all the past payment already generated will have to be edit manually one by one.

Amortization

Certain expenses are deductible from taxes. The amortization corresponds to the property value loss for a given period of time. This loss amount can be deducted from taxes annually. You can create an amortization from the Finance section. Click on Add an expense, choose the Deductible charge type: amortization expense, choose the duration and then Save. Example For a sofa bed which costs 3600£ and has an average lifetime of 12 years, it is possible to amortise 300£ every year. This amount is deducted from the revenue.

Adding an expense

To add an expense, click the Add expense button in Finance or directly in the Dashboard, fill in the fields, and click the Save button. To successfully record an expense you need to provide at least the following information: Property Type Date Beneficiary Amount In addition to this information, you can also enter: Tenancy Recurrence (is it a one-off or a recurring one?) Period (for recurring expenses) VAT amount Recoverable amount (for recoverable expenses) Description Attach a document In Rentila there are the following categories of Expenses: Deductible Non-deductible Recoverable (from the tenants when you pay on their behalf) Loans Read more

Add a revenue

To add a revenue, click the Add a revenue button in Finance or directly in the Dashboard, fill in the fields, and click the Save button. To successfully record a revenue you need to provide at least the following information: Property Type Date Payer Amount In addition to this information, you can also enter: Tenancy VAT amount Description Attach a document In Rentila, Revenues are categorised under: Taxable income Refunds Other income Rent revenue  You will rarely need to add a Rent revenue manually as they are generated automatically by Rentila after you create a Tenancy. If you still need Read more

Missing Rent in Finances

If a rent doesn’t appear in Finance, please ensure that: the tenancy is active, the tenancy has not ended (check the end date and that the option for automatic renewal is on), the invoice creation date is accurate If everything seems in order, go to Tenancies and click on the Regenerate payments action on the right. The system will recreate the missing payments. Pay attention to the possibility of duplicates as this option will recreate ALL rent payments up to the current date.