Description
Rental Income & Expense Tracker Manual
Rental Income & Expense Tracker is designed to help you easily and confidently manage your rental property finances. It’s a tool to help landlords and property managers keep track of their rental property income and expenses. It allows you to monitor your cash flow, analyze profitability, and stay organized.
Benefits of Rental Income & Expense Tracker 📊
- 🏡 Easy to Use: Simplifies managing rental finances.
- 📁 Organized Records: Keeps all your rental income and expenses in one place.
- ⏱️ Saves Time: Automates calculations and reporting.
- ✅ Accurate Tracking: Minimizes errors with precise record-keeping.
- 📈 Financial Insights: Offers detailed reports to help you understand your rental performance.
- 📱 Mobile Access: Manage your rentals on the go with mobile compatibility.
Why should I use the Rental Income & Expense Tracker? 🤔
- 🗂️ Stay Organized: Maintain clear and accurate records effortlessly.
- 🔍 Avoid Mistakes: Reduce errors and ensure all transactions are correctly recorded.
- 📊 Gain Insights: Access comprehensive reports for better financial decision-making.
- 📜 Prepare for Taxes: Simplify your tax preparation process with organized financial data.
- 🌍 Convenient Access: Track and manage your rental income and expenses anytime, anywhere.
Freebies 🤩
- ✅ Easy Bookkeeping
- ✅ Holiday Gift Tracker
- ✅ 50-30-20 Budget Tracker
- ✅ Bill Tracker
- ✅ Annual Budget Tracker
Steps on how to use the Rental Income & Expense Tracker:
Important Notes:
- To pick a date in ‘start date’, ‘end date’ & ‘date’ columns, simply double-click on the cell and the calendar will pop up
- Type only in Start, Rental Income & Expense Tracker tabs. All the Overview tabs update automatically
Step 1: Set up your expense categories & rental channels. Go to ‘Start’ tab and enter up to 20 expense categories & up to 15 rental channels. You can delete any sample categories & channels and add your own.
Step 2: In the Rental Income Tab, required columns are:
- – channel (select one from the dropdown)
- – start date (double-click on the cell to pick a date)
- – total rent (enter the total rental amount)
Charts and tables in the overview tabs won’t update if at least one of the 3 required columns is not filled in. Please do not type over Total Amount column. It automatically updates when you fill in Total Rent column.
Optional columns are:
- – rental period (how many days or months)
- – booking (here, you can enter name or booking number)
- – end date (check-out date)
- – extra fees (extra fees for cleaning, etc.)
- – notes
Step 3: In the Expense Tracker tab, the Required columns are:
- – date (double-click on the cell to pick a date)
- – category (select one from the dropdown)
- – amount
Charts and tables in the overview tabs won’t update if at least one of the 3 required columns is not filled in.
Step 4: Protected cells. You’ll see a warning if accidentally type over the cell that contains formula, click ‘Cancel’ and formula will stay in place.
Step 5: Income Overview. This tab is fully automated, table and charts update automatically. Please do not type in your numbers here.
Step 6: Expenses Overview. This tab is fully automated, table and charts update automatically. Please do not type in your numbers here.
Step 7: Profit Overview. This tab is fully automated, table and charts update automatically. Please do not type in your numbers here.
