Propertyware Knowledge Base

Why are income totals different in the Money In tab & the Income/Expense Report?

Is your total on the Summary page of the Money In tab different from the total within the Income section on the Income/Expense Report?

Don't assume this is a discrepancy, but rather pay attention to the following:

  1. The total in the Income/Expense Report includes income from "Other Customers," which refers to any money collected for your portfolio, building, or unit from a source other than a lease. This income may be viewed in the Money In tab under Other Customers sub tab, as opposed to the Tenant Income sub tab.

  2. You may opt to include Liabilities as a data field within the Income/Expense Report. Liabilities are typically comprised of Security Deposits and Prepayments. If selected for inclusion, a Liabilities total will appear at the bottom of the generated report. Subtracting out Total Liabilities, which usually denotes a prepayment or security deposit, will often times explain what seems to be a discrepancy in income totals.





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Last Updated
21st of December, 2008

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