How to Track Property Expenses Effectively in the Perfect Tenant & Property Management System

2025-07-10

๐Ÿ’ณ How to Track Property Expenses Effectively

The Expense tab helps you manage all outgoing costs related to a property. From maintenance repairs to utility bills, you can log and monitor every transaction for better financial control.

๐Ÿ“‹ What You Can Do in the Expense Tab

  • Record expenses like cleaning, repairs, inventory, salaries, and more.
  • Edit or delete existing expense records.
  • Add expenses directly to bills if needed.
  • See expense details such as description, date, amount, and payment method.

๐Ÿ“ Adding a New Expense

  1. Go to the Expense tab of the selected property.
  2. Click the Add Expense button (wallet icon).
  3. Fill in the following:
    • Description โ€“ Enter what the expense is for.
    • Amount โ€“ Input the total cost.
    • Date โ€“ Specify when the expense occurred.
    • Payment Method โ€“ Choose Cash, Bank Transfer, Card, etc.
  4. Click Save to log the expense.

๐Ÿ’ก Tips

  • Use clear descriptions for easy reference later (e.g., โ€œCleaning after tenant move-outโ€).
  • Link expenses to a bill when they are tenant-related to maintain proper records.
  • Regularly review expense history for financial reporting.