Overview
Simple Fund 360 allows you to produce a Rental Property Statement detailing the income and expense transactions for an investment property for a specified period. This report can be used to complement the fund's Operating Statement.
What will display on the report?
For the income and expenses details to show on the report, you need to ensure that the property income and expense transactions have been correctly posted to the linked property income and expense accounts.
Refer to the How to Enter Rental Property Transactions help for more information.
All income and expense transactions will display for the property(s) that have been selected including the corresponding tax return label.
If the fund is registered for GST, the GST calculations and labels will also display for that fund.
Simple Fund 360 will also calculate the following:
| Field | Calculation |
|---|---|
| Gross Rental Yield | Total Income/Market Value |
| Net Rental Yield | Net Rental Income/Market Value |
New
From Simple Fund 360 release 2.12, depreciation for separate depreciable assets can be included in the overall depreciation figure for the property statement. Refer to Investment Property separate Depreciable Assets for more.
Prepare Report
| From the Main Toolbar, go to Reports. |
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| Select Reports. |
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- On the left-hand side of the Reports screen, Add the Rental Property Statement from the Financial Reports list.
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Once the report has been dragged & dropped, select Settings (to the right of the report). You have the option to select All properties or specific property(s) to display in the report.
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Only properties that have income/expense transactions within the Start/End Dates selected in the Reports screen will display. Otherwise, the following message will display: Property(s) do not have income/expense transactions.
- Select either Download PDF, Download Word or Download Excel. You can also add this report to a Report Pack. See Reports for instructions.