Or even worse, accidentally double-book an expense only to have it discovered during a tax audit. You’ll need to make a copy or download them to edit.Ĭlick here to download the complete rental property expense tracker (Excel)Ĭlick here to download the complete rental property expense tracker (Google Sheets)Īn Alternative Way to Track Your Property Expenses (on Autopilot)Įven with just one rental property, it’s easy to lose track of deductions that could decrease taxable net income. Note that these spreadsheet templates are displayed in View Only format. To save you the time and hassle of building an expense tracker from scratch, we’ve put together a simple expense tracking spreadsheet below that you can download and use (in both Excel and Google Sheets formats). Instead, when the deposit is received, it is recorded on the balance sheet as a liability because the security deposit is meant to eventually be returned.įree Rental Property Expense Tracking Spreadsheet As a quick aside, a refundable security deposit expected to be returned to a tenant is neither income nor an expense. Income is recorded when it is received, and expenses are booked when bills are actually paid.
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