A profit and loss statement is basically a list of rent income and expenses related to the property. Expenses incurred might include property taxes, utilities, insurance and property management fees etc. A P&L statement typically includes both monthly and yearly figures.
On PropSpace Property Management, to generate P&L Statement follow the steps below
- Go to Accounts and select "P & L Statement" from the dropdown
- Further can apply filters to filter by the "Due Date" or "All-Time", Account Types
- Can also filter by "Pending records" or "Paid records" or both "Pending & Paid records". Filters can be applied for "All Incoming", "All Outgoing" or "All" which contains both incoming and our going payments.