Adding Income or Expenses
The financials section of the application is where you will find all income and expenses associated with your portfolio. Recurring rental payments will be found here along with other income and every expense from mortgages to letting fees.
In order to get started with the financial sections, getting to know how to add an income or expense is vital. If you’re looking to find a guide on how to edit an income/expense it can be found here or if you are looking for a guide on how to set up recurring payments this can be found here.
Step 1: Navigate to the financials section from the navigation bar on the left-hand side. This will take you to your financial hub.
Adding Income:
Step 2: Press the add income button at the top of the page, this will bring a sliding form from the left hand side.
Step 3: Any form of income must be at least associated with a property and optionally can be added to individual units within a property.
Step 4: Select the type of income. When setting up a tenancy rental, amounts should be automatically added to your financial hub each month. However, from here you can do this manually or add other forms of income.
Step 5: Add a small description along with the amount and date of the income entry.
Step 6: Add/upload any associated documents such as invoices.
Step 7: Select “Not recurring”. To find out more about recurring income amounts click here
Step 8: Press submit to add the income entry. Depending on your browser you may need to press refresh in order for it to appear in your financial hub.
Adding Expense:
Step 2: Press the “Add Expense” button at the top of the page, this will bring a sliding form from the left hand side.
Step 3: Any form of expense must be at least associated with a property and optionally can be added to individual units within a property.
Step 4: Select the type of expense. If adding a maintenance charge to a unit follow this guide here.
Step 5: Add a small description along with the amount and date of the expense entry.
Step 6: Add/upload any associated documents such as invoices.
Step 7: Select “Not recurring”. To find out more about recurring income amounts click here
Step 8: Press submit to add the expense entry. Depending on your browser you may need to press refresh for it to appear in your financial hub.
Octo offers a free onboarding service where we can populate your account with your portfolio free of cost, just contact one of the team at support@octoproperty.com.
