Finance

Add an expense

To add an expense, follow these simple steps: Go to the “Finances” section and click on “New Transaction”, “Add Expense”. For each expense, you can enter the following information: The property, The type, The date, The payer, The amount. In addition to this information, you can also enter: The tenancy contract, The recurrence (one-time or a recurring expense), The VAT amount, The recoverable amount (for recoverable expenses), The description, The associated documents. Expenses are summarized into a few main types: Property management fees, Recoverable tenancy charges, Deductible charges, Credits, Tenant balance refunds, Security deposit refunds, Other expenses. Security Deposit Type Read more →

Add an income

To add income, follow these simple steps: Go to the “Finances” section and click on “New Transaction”, “Add Income”. For each income, you can enter the following information: The property, The type, The date, The payer, The amount, The VAT amount, In addition to this information, you can also enter: The tenancy contract, A description, The associated documents. Incomes are summarized into a few main types: Taxable income Security deposits Refunds and Credits (non-taxable) Other income (non-taxable) Rent type income In practice, you almost never need to manually add a rent type income, as they are automatically generated on the Read more →

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.