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#INCOME AND EXPENSES WORKSHEET DOWNLOAD#Note: You can also download the sheet as an excel file to use on your home machine offline. Download the Rental Income and Expense Worksheet Here #INCOME AND EXPENSES WORKSHEET FREE#To download the free rental income and expense worksheet template, click below to view the google sheet. You can use it to create a single hub for your rental finances, or you can as a baseline to create your own. ![]() The best part? It’s all customizable – create and delete categories and otherwise adjust as needed to fit your unique situation. Once entered, the worksheet will calculate the totals for you, so you can see your gross income, net income, and total yearly expenses refresh every time you make a change. Plus, most of the major expenses, such as maintenance and utilities, are already listed for you. There’s also a section for security deposits, so you can easily keep track what needs to be returned when your tenants move out. #INCOME AND EXPENSES WORKSHEET PLUS#For example, under “rental income”, you’ll find areas for rent plus late fees. You’ll start by entering the stats on your properties, and then enter the appropriate dollar amounts into each itemized category. It features sections for each category of income and spending that are associated with rental property finances. Download the Rental Income and Expense Worksheet HereĬonvenient and easy to use, this worksheet is designed for property owners with one to five properties. You can view, make a copy, download, and then use the worksheet here. To help you stay on top of your bookkeeping and generate the most value from your investment, we’ve created a free Google Sheet / Excel worksheet that you can use to track monthly rental income, expenses, fees, insurance policies, and more. Simply fill in all stated information and follow the instructions to be able to come up with your business income and expenses statement in no time at all. Get our ready made sheet made conveniently accessible after download. 4 This sheet will also track late fees and any maintenance costs. Let our Business Income & Expenses Worksheet template provide you with much needed help.3 Totals are automatically calculated as you enter data.2 Personalize your expenses with this worksheet.1 Income and expenses are an essential part of effectively managing your rental.If you would like to make changes to the formulas, I can send a version with the formulas unprotected for a small fee here. Most of my templates come with the cells with formulas protected, to prevent someone from deleting or writing over the formulas, which could cause the template to not work as described. *You do not have permission to distribute or re-sell the template, so please don’t do it. You won’t receive a physical copy in the mail. This file is not meant to provide any type of tax advice. An open office version is available upon request. #INCOME AND EXPENSES WORKSHEET PDF#You will receive an Excel Spreadsheet and a PDF file with directions. I have a similar template that can be used for a short term rental and will import information from VRBO’s reservation manager, saving you time of having to enter that information. For each expense you will be able to choose a category from the drop down list (same categories that are listed in Schedule E) as well as a description where you can enter any information you want to describe the expense. Section 3 – Variable Expenses – For the majority of expenses that vary month to month, you will enter these in the next section, Variable Expenses. You will have the option to manually change the rent or expense for a particular month if it changes more than once in the year. You can easily see your estimated profit and/or loss based on the income and expenses that are constant for the most part. The great thing about this page is you only have to enter the rent once and if the rent changes, you enter the new rent and effective date and all 12 months are automatically populated based on what you enter. For rent (or monthly standard expenses), you can enter the current rent, new rent and effective date. Section 2 – Standard Monthly Information – This is where you will enter rental income and expenses that are the same each month. The only thing you will enter in this worksheet is the name of your rental properties. Section 1 – Summary – This page will automatically calculate your annual rental income for each property as well as the 14 main expense categories that are used in the Schedule E tax form. There are 3 main sections in this template to track your rental income and expenses. You’ll see an option to select the 3 property, 6 property or 10 property versions of this file. The main summary will automatically calculate your annual total spent per expense category. This excel spreadsheet template is set up so you just have to enter your various expenses and assign them to an expense category. If you have a long term rental property, make tax time a breeze with this handy template to keep you organized throughout the year. ![]()
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