Finance

Deposit

When you create a tenancy, the amount of the security deposit specified in the tenancy agreement will be recorded as a line of income in the “Finances” section. You can also manually create a collected security deposit, simply add a revenue of type “Security Deposit” in the “Finances” section. A receipt will automatically be generated for this transaction. Once the tenancy is over and the security deposit is returned, you can record an expense under the heading “Refund of Security Deposit”. A corresponding document will be created to reflect the details of the refund. For this particular type of income Read more

Balance

Taxable income In general you’ll pay income tax on the revenue you get from renting out a property. The taxable amount is the sum left once you’ve added your rental income and deducted any allowable expenses or allowances. Your income is primarily the rent you receive but also any other payments from tenants for services normally provided by a landlord. If you charge any non-refundable deposits for your property, these will also count as rental income, as well as the money that’s kept over from a returnable deposit at the end of the tenancy. Allowable expenses a landlord can deduct Read more

Loans & Mortgages

In this section, you can create and manage loans (mortgage, home improvement loan, etc.) and their corresponding schedules. You have the option to perform the following operations: Create a loan (or import a schedule according to our model), Delete a loan. To create a loan, you can do it directly from the “Finances” section or import the data. You can filter records based on different criteria such as the landlord, the property, or the loan. Furthermore, you have the option to export your records using the “Export” action available at the bottom of the table.

Finances, revenues and expenses

In this section, you can manage your accounting, including revenues, expenses, and receipts. For each tenancy agreement, the rents and rent receipts are generated in the Finances section. In the “Finances” section, you can perform the following operations: Create a revenue or an expense, Edit a payment, Record a payment, Download a document (for certain types of entries such as invoices, credits, etc.), Send a reminder (for certain types of entries), Stop a payment (for recurring payments), Regenerate a payment (for recurring payments), Duplicate a payment, Delete a payment. You can filter records based on different criteria such as the Read more

Deferral of payment using the tenant’s balance

Manual report Once the rent has been generated in the “Finances” section, you can record the payment by clicking on the “Record a payment” action. When recording the payment, you have the option to carry forward an overpayment or a payment delay from the tenant on the current rent or the next rent call. The “Carry forward a payment” option is only available when the tenant’s account shows a Balance, whether it is positive or negative. You have three choices: No carry forward: No carry forward is made, and the payment is recorded as is. Carry forward the balance to Read more