Rent expense debit or credit?
Finally, a tenant may also use a rent ledger if a landlord wrongly accuses the tenant of paying late or missing a rent payment. We’ve created a free rent ledger template for keeping track of tenant rent payments. The template is a fully editable Excel document, so you can customize it to meet your specific needs. To prevent business funds from being commingled with personal funds, landlords usually set up individual bank accounts for each rental property owned. Rental income collected fr […]