So I been using the Bookeeping tips for Letting Agents here:
https://support.quickfile.co.uk/t/bookkeeping-for-letting-agents/18588
Specifically “step 3. Now tag the tenant income on your bank account as a transfer to the new Property Holding Account created in the previous step.”.
I am experiencing that the problem with this one is I can’t provide statements to Tenants. Landlord is OK, but for the tenants, If I don’t record their rent as invoice/ rent payments, how do I send them statement?
Thanks a lot