Accounting for rental income - 7 basic principles

Accounting for rental income - 7 basic principles

Rental income is a benefit received by the landlord in kind or in cash. According to the lease agreement, the lessor must transfer the building, building or retail space for temporary use, and the tenant must comply with the agreed rules and pay rental payments in a timely manner. An important role in the system of settlements with customers is the correct accounting of income. Many companies carry out accounting “in the old manner” in Excel. However, this method is not very convenient, both in terms of visualization of information, and in terms of interaction with accounting.

In order to improve the accounting for rental income, ArendaSoft has developed a CRM system that automates most of the processes – from monitoring debts to analyzing the workload of leased facilities. It also allows you to maintain a complete rental history for each client.

Principle of constancy

Lease accounting at a tenant should be carried out continuously – from the beginning of the company’s activities in this area until closing. Only in this case, you can take into account all financial indicators. By analogy with accounting, the same accounting methods should be applied here. This allows you to create a single accounting policy and correctly compare reports for different periods of time.

Accounting for settlements with customers

Учет в «АрендаСофт» полностью соответствует данным требованиями. В системе можно создавать отчеты, отслеживать поступление денежных средств, задолженность арендаторов и т.п. Удобно то, что все эти процессы происходят в реальном времени и можно получать самые актуальные, на текущий момент времени, данные.

Принцип равномерного признания доходов

The reflection of rental income depends on the scope of the enterprise:

  • if this is the main type of activity, then all revenues are considered revenues and are reflected in the “Sales” credit account;
  • if the rent comes in one payment for the entire period of use, then accounting is done on 62 accounts;
  • in all other cases, payments are displayed on the account 91/1.

“ArendaSoft” is suitable for accounting in the lease for any directions, but to a greater extent CRM is designed for profile companies and entrepreneurs. The software is easily integrated with 1C, which allows you to significantly save the working time of managers and accountants, and this is a significant savings in the company’s budget.

Principles of time certainty and completeness

These principles imply that the income received from the rental income is attributed to the reporting period to which it relates, regardless of the time when the funds were credited to the company’s account. Also, information about each transaction should be recorded in full.

Benefits of ArendaSoft System

It is much easier to track all business processes associated with renting in RentSoft. All information is presented in a convenient form. A well-designed interface, powerful search and use of graphical elements make the process of working with customer data much more comfortable.

Principle of rationality

Every entrepreneur in the will to choose how to keep records of rent. But in terms of efficiency, it should correspond to the size of the organization and type of economic activity. When creating “ArendaSoft” developers adhere to this principle. The web platform works equally well with any number of users and clients. To save money, there are several types of packages.

For example, when the number of objects is not more than 10, the cost of using software for accounting for income will be only 990 rubles. This option is perfect for realtors and entrepreneurs, who have only a few passed points. For self-storage warehouses with more than 300 objects and the cost of monthly access starts from 10 thousand, but the company offers discounts.

Principles of consistency and priority

The principle of consistency presupposes the coincidence of data of all types of accounting, including on synthetic and analytical accounts. Priority, in turn, means that the economic content of operations prevail over the legal form.

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