Rent Proof/records

What do you use to keep track of rent to prove them for taxes and when getting loans?

thanks
Nick

Comments(1)

  • rajwarrior4th September, 2004

    Well,

    First, always deposit the full rent into your account (no cashouts) so that you'll have a record of it on your account balance.

    Second, I'd recommend using a software program such as Quicken, Quickbooks, Money, etc. to track you business income/expenses. Makes for an easier time come tax season.

    Third, always make copies of the rent checks before depositing.

    Just a few ideas.

    Roger

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