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Rental Income and Maintenance Spending
Our Church has a rental property and each month we get a statement from the Estate agent showing what rent has been paid and deductions for any repairs Prior to MYOB changing its format it was easy ...
Hi stpaddy9001
Apologies for the delay in replying. From a software perspective you could record either a Receive Money or Sales invoice and invoice payment. Allocate the total rental income to the income account and allocate the deductions as a negative amount. You can then match the transaction in bank feeds.
I would recommend checking with your accountant to make sure this suits your needs.
Please let me know if you need further help.
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