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.
- In includes rental property income you've already recorded as well as the rental property income that is scheduled but still needs to be recorded.
- Out includes rental property expenses you've already recorded as well as the rental property expenses 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 more money for the month or if you spent more than you made.
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:
- 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.