View Full Version : Software for money managing
ivrytwr3
09-12-2005, 15:23 PM
Does anyone know of any software that will help me with my rental expenses.
What i would like is to be able to input all my expenditures throughout the year to help me keep a track of what i am spending and also to aid in tax forms.
Ta!
Speaking of tax anyone got any templates of their completed tax forms regarding their rental property (or can i advise me on what i should be including!)
TA!
Ericthelobster
09-12-2005, 18:43 PM
[QUOTE=ivrytwr3]Does anyone know of any software that will help me with my rental expenses.
What i would like is to be able to input all my expenditures throughout the year to help me keep a track of what i am spending and also to aid in tax forms./QUOTE]I know there are plenty of bespoke programs out there and no doubt they're fine; however, I've always just used Excel because (a) I have a copy of it and (b) I already know how to use it.
I maintain one spreadsheet per property, plus one more for non property-specific expenses; it has columns for date, expense amount, payee and brief nature of expense. On 5 April each year I draw a line, and start again from 0 in the same spreadsheet.
Every receipt I get is entered into the spreadsheet, then filed away semi-permanently in a single box file; if I ever need to I can quickly track down the original receipt as they're all in reverse date order.
I can sort the spreadsheet data by different columns if need be, and can easily calculate totals of columns etc. The spreadsheet data goes to the accountant.
Works for me!
Jacob Oliver
15-12-2005, 15:58 PM
:p I use Microsoft Money programme
You can adapt it for each property both income and outcome
You can adapt so that each expenditire category for each propertry
Also the same for income
This means that you canm get an overall pictire for any cateogy and any property
I am sure their a specialised letting ones on the market by this works well for me
Powered by vBulletin® Version 4.1.7 Copyright © 2012 vBulletin Solutions, Inc. All rights reserved.