The Profit/Loss page shows your income, expenses, and net profit or loss=
for each rental property you track in Quicken. This snapshot includes ever=
y ren=
tal property transaction for each rental property, no matter which=
type of account the transaction is in. Use this information to help gauge =
the profitability of your rental properties.
- In includes rental pro=
perty income you've already recorded as well as the rental property income =
that is scheduled but still needs to be recorded.
- Out includes rental pr=
operty expenses you've already recorded as well as the rental property expe=
nses that are scheduled but still need to be recorded
- Profit/Loss reconciles=
the inflows and outflows, so you can immediately see if you brought in mor=
e money for the month or if you spent more than you made.
The In/Out/Profit/Loss snapshot shows a combination of actual and projec=
ted values for the current month by default. You can also see actual values=
for past months and projected values for future months by clicking the arr=
ows on either side of the date above the snapshot. Future (projected) value=
s and estimates in the In/Out/Profit/Loss snapshot are made up primarily of=
bill and income reminders. Bill and income reminders a=
re scheduled expenses and income that you've told Quicken about. For exampl=
e, you can schedule monthly bills such as rent and income such as payments =
so they appear in the Out area of the snapshot.
The In/Out/Profit/Loss snapshot shows actual values for past months, a c=
ombination of actual and projected values for the current month, and projec=
ted values for future months. Future (projected) values and estimates in th=
e In/Out/Profit/Loss snapshot are made up primarily of bill=
and income reminders. Bill and income reminders are scheduled expenses=
and income that you've told Quicken about. For example, you can schedule m=
onthly bills such as rent and income such as payments so they appear in the=
Out area of the snapshot.
The "big picture" provided by In/Out/Profit Loss is supplemented by othe=
r convenient and intuitive tools that provide insight into your rental prop=
erty finances:
- The Bill and Income Reminders tab displays future rental property transactions.
- A tax deduction section shows tax-deductible expenses that are already =
associated with the correct tax line item as well as those that still need =
attention.