The Property Management Earnings Report provides a summary of management revenue earned from expenses and bills charged to your owners. This report helps property management companies track their earnings by showing the fees collected through owner-billed expenses and calculating the taxable and pre-tax portions of those earnings.
What Does This Report Show?
The Property Management Earnings Report pulls together all expenses and bills where the Customer Account is selected as the payee. For each transaction, the report calculates the management company's earnings based on the tax rate configured in your account settings.
This report can be used to review management revenue, support tax reporting, and verify earnings generated from owner-billed expenses.
Report Information
The report includes the following details:
Bill Date – The date of the expense or bill.
Property – The property associated with the transaction.
Owner – The owner responsible for the expense.
Description – The description entered on the bill or expense.
Billed Amount – The total amount charged.
Calculated Tax – The tax portion calculated using the tax rate configured in your account settings.
Calculated Pre-Tax Earnings – The earnings amount before tax is applied.
How Earnings Are Calculated
The report uses the tax rate configured in your company settings to calculate:
The tax portion of each transaction.
The pre-tax earnings amount.
For example, if your company has a tax rate configured and an expense is billed to an owner using the Customer Account as the payee, the report will separate the total amount into its tax and pre-tax components for reporting purposes.
When to Use This Report
The Property Management Earnings Report is useful for:
Reviewing management revenue earned from owner-billed expenses.
Preparing information for tax reporting.
Reconciling management earnings.
Identifying revenue generated by property and owner.
Analyzing management income over a specific period.
Important Notes
Only expenses and bills that use the Customer Account as the payee will appear on this report.
Tax and pre-tax earnings are calculated using the tax rate configured in your account settings.
If your tax rate changes, future calculations will use the updated rate.
The report is intended to provide visibility into management earnings and related tax calculations based on owner-billed expenses and bills.
By regularly reviewing the Property Management Earnings Report, you can better understand the revenue generated from your management activities and ensure your earnings and tax calculations are accurate.