I’m trying to entre gross rent, expenses (management fee etc) and net rent. The net rent is what is paid into my bank account, and I need to tag that bank entry to the net rent yet I also want to show gross rent in the accounts. Any help on achieving this would be appreciated.
Just to confirm - is it a case of the rent is charged on your behalf, then it’s paid to you minus a management fee?
Yes, the net rent is paid to me less the management fee, and the monthly invoice statement shows this. I want to be able to record in Quickfile these deductions and also the gross rent before deductions.
No problem at all. There are two ways this can be done. We have a guide for both options, which I’ve linked to below.
Many thanks. The Alternative Method seems cleaner for me and will record what I need to.