COMMERCIAL PROPERTY RATES

Hi

Q1. How do I input sales/purchases and income/expenses within this scenario - do I use the recieve money or put an invoice through showing the the same as the Owner Statement and allocate the money received:

The the landlord(LL) is registered for GST.

The property manager(PM) is looking after the commercial property and is also paying the council(on behalf of the LL the rates/water (free of GST$50).

The PM on-charges the rates/water $50 + GST $55 to the tenant.

The property manager then sends to the landlord a Owner Statement which shows the rent (inc GST) paid + the Rates(+GST) $55 paid by the tenant less the PM commission(inc GST) less the rates ($50/or - should it be $55 as it is not the expense of the PM ) amount to pay the council($50) leaving the net figure deposited to the Landlords account.

Q2. How do you account for the rates if the PM is paying on behalf of the LL and yet it is the expense of the LL??

or should the LL pay the rates themselves not the PM.

I would appreciate some input with this....it does read confusing.

Thank you all in advance.

Cheyenne