Blog articles

Accounting Rental Property Accounting - two tips you cannot do without

You must have two distinctly separate checking accounts (complete with debit cards and check books) for two rental properties. I make sure all income and expense items flow through the respective checking accounts. At year-end when it's tim... Read more

29 July 2019 Rent & Expenses

Acctsm4 Rental property bookkeeping and why you need it.

Don’t fall prey to the trap! Here are five big reasons bookkeeping is essential to any rental property operation, and why a purpose-built, automated bookkeeping system beats Excel any day. Read more

02 June 2019 Rent & Expenses

Quickbooks Property Management Accounting with Quickbooks

QuickBooks is often at the top of any professional’s mind when they think about accounting software for their business. Read more

16 November 2020 Rent & Expenses

Tax deductions landlords Deductible Rental Schedule e Expenses

If you receive rental income from the rental of a dwelling unit, there are certain rental expenses you may deduct on your tax return. These expenses may include mortgage interest, property tax, operating expenses, depreciation, and repairs. Read more

06 October 2020 Property Management Rent & Expenses Taxes

Cdc logo Eviction Moratorium - What can a landlord do

Landlords are getting squeezed between tenants and lenders. Small landlords are getting squeezed now that many tenants can't make rent, and that leaves them few options. Read more

11 November 2020 Property Management Rent & Expenses

Rent income sm A Landlords View of Rental Income

Under accrual accounting it is the rent earned during the period indicated in the heading of the income statement, regardless of when the money is received from the tenant. Read more

20 January 2021 Rent & Expenses