Under accounting guidelines, rent expense belongs to the "selling, general and administrative accounts" category. Other SG&A items include charges as diverse as litigation, office supplies, money a ...

Rental income is the money a business earns in an accounting period from leasing real estate or another type of asset. The general ledger is an accounting record that is organized by account, such as ...

Deferred rent expense adjusts for uneven payments across a lease term. Monthly financials use a straight-line rent expense, averaging total lease payments. Use of deferred rent accounts balances ...

Following FASB’s issuance of Accounting Standards Update (ASU) No. 2016-02, Leases (Topic 842), in 2016, GASB issued Statement No. 87, Leases, in June 2017, to become effective for reporting periods ...

With tax season quickly approaching, TurboTenant's Accounting suite helps landlords seamlessly track income and expenses, simplify tax preparation, and manage their rental finances with confidence.