The Profit/Loss page shows your income, expenses, and net profit or loss for each rental property you track in Quicken. This snapshot includes every rental 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.
The In/Out/Profit/Loss snapshot shows a combination of actual and projected 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 arrows on either side of the date above the snapshot. Future (projected) values and estimates in the 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 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 combination of actual and projected values for the current month, and projected values for future months. Future (projected) values and estimates in the 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 monthly 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 other convenient and intuitive tools that provide insight into your rental property finances:
This snapshot displays rental property transactions for each rental property, no matter which type of account the transaction is in. For example, rental property transactions can be in a banking account, a dedicated rental property banking account, or both.
Assign a different category to the transaction.
If you incorrectly tagged a transaction, you should modify the tag in the transaction.
If you assigned the incorrect tag to a rental property, you should edit the rental property.
Quicken displays this option when it is unsure about which rental property a transaction belongs to. In this way, Quicken alerts you about discrepancies that need resolving.
Things you should look for include:
This tab displays the scheduled rental property transactions you've previously set up.
The basic steps for adding and processingscheduled bills and depositsare essentially the same throughout the product.
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