How do I track rental income?¶

Step 1. Go to Property and open the property you want to work on.

Step 2. On the Income tab, click + Add Income.

Step 3. Choose the Income Type (for example, Rent). You can create your own type on the spot with the + button.

Step 4. Set the Date, a Description, and the Amount.

Step 5. Leave Assessable Income switched on, unless this income isn't taxable.

Step 6. (Optional) Attach receipts under Receipts — Attach Files accepts JPG, PNG or PDF up to 10MB each.

Step 7. Click Save Income. You'll see an "Income recorded." confirmation.

Expenses and payments¶

The Expenses and Payments tabs work the same way:

• Expenses are your running costs (repairs, rates, and so on), with a Tax Deductible switch.
• Payments record capital money in or out — such as a loan drawdown or repayment — using a Direction (Money In or Money Out).

Your own categories¶

Use the Categories tab to add or rename your income, expense and payment types for a property. (You can also create one on the fly from the + button in any panel.)

If a property is linked to a bank account, transactions you categorise on that account in the Bank section appear here automatically, marked Bank, and are edited from the Bank section.

Related guides¶

• How do I add a rental property?
• How do I see my property's financial performance?
• What is the difference between Business and Property bank accounts?