Azibo Support
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Activity overview
Latest activity by Azibo Support-
Azibo Support created an article,
Understanding the Rent Roll report
The rent roll is a snapshot of current leases and rents that can include information such as tenants’ names, rents paid or owed, how long a tenant has occupied the property, and more. Rent rolls ar...
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Azibo Support created an article,
Understanding the General Ledger
A general ledger is a complete record of all financial transactions over the lifetime of a real estate business. It includes details on income, expenses, property investments, and financing activit...
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Azibo Support created an article,
Insurance Escrow Deductions - Bookkeeping Rules
Disclaimer: This content has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for accounting or tax advice.
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Azibo Support created an article,
Property Improvements and Repairs: Expense or CapEx?
After completing a project at your rental properties, you may wonder whether it should be reported as an expense or Capital Expenditure (CapEx). Each designation has accounting impacts: You can ...
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Azibo Support created an article,
How do I account for prepaid rent?
If a renter prepays you rent, the way you account for it depends on if you are accounting on a cash basis or on an accrual basis. Most real estate investors do their accounting on a cash basis. Acc...
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Azibo Support created an article,
How do I account for mortgage payments?
Though your mortgage payment shows up on your bank statement as one consolidated payment, it actually has different components that have different accounting treatment. You need to make sure you ac...
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Azibo Support created an article,
How do I account for property purchases?
Accounting for property purchases is one of the more complex transactions in rental property accounting, but it’s vital for ensuring that you have the right basis for depreciation, future capital g...
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Azibo Support created an article,
Understanding the Schedule of Capital Expenditures
What is the Schedule of Capital Expenditures? The Schedule of Capital Expenditures is a report to show, in chronological order & grouped by property, the list of capital expenditures made over a gi...
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Azibo Support created an article,
Understanding the Statement of Cash Flow
A cash flow statement tracks the cash that goes in and out of a business during a specific period of time (e.g., a month, quarter, or year). For property owners, it helps measure how well their ren...
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Azibo Support created an article,
Understanding the Schedule E Reports
What is a Schedule E and who should use it? A Schedule E form is used to report any income or loss that you have incurred from rental real estate to the IRS. It’s typically used by: Individuals wh...