How to log business expenses?

Hey,

I am just starting to use landlordMAX and am probably going to buy it. Looks great so far except I can't figure out how to log business expenses, the services/items I pay for as a landlord that are tax-deductible. In the Accounting section if I create a new entry I can put in an "Amount Paid", however it also has "Amount Due" and "Amount Remaining" so it makes me wonder if this is the correct way to log business expenses.

Thanks!
Justin
Hi Justin,

Firstly it's great to hear that you're looking to buy LandlordMax in the near future.

In regards to your question, yes you are doing it correctly. Just like tenants, it's possible that you also don't pay all your bills on time. Obviously this doesn't appear to be case as your asking questions about the fields, but some property owners, just like some tenants, don't always pay all their bills when they're due.

Regards,
Stephan Grenier
Founder
LandlordMax Software Inc.
http://www.LandlordMax.com
http://www.FollowSteph.com
http://www.RealEstatePigeon.com
http://www.BlogBlazers.com
How would I schedule a recurring expense (mortgage) ? I would like it to show up in scheduled and suggested.
Hi Chris,

You can manually create any Scheduled Entries you wish through the Scheduled Entries tabbed panel. Although the software automatically creates Scheduled Rents for you from the leases, you can also create as many as you'd like by manually creating them.

Regards,
Stephan Grenier
Founder
LandlordMax Software Inc.
http://www.LandlordMax.com
http://www.FollowSteph.com
http://www.RealEstatePigeon.com
http://www.BlogBlazers.com
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