Income and Expenses

Under the "Income and expenditure" menu item you will find Immodio's accounting function, in which you can record and view income and expenditure relating to your properties centrally.

Under "Income and expenditure" you can record all the financial transactions of your property management, both income (for example rent payments, advance payments of operating costs) and expenditure (for example tradesmen's invoices, property tax, waste charges, heating costs).

Note: The content of this help is intended solely for general information and support in using Immodio. It does not constitute tax, legal, accounting or other professional advice and in particular does not replace an individual assessment by a tax adviser, lawyer or other qualified professional. Despite careful preparation, the information may be incomplete, out of date or inapplicable in an individual case. The tax and legal treatment always depends on the specific circumstances of the individual case. Please have doubtful or economically significant matters checked professionally before entering, declaring or passing them on to third parties. Immodio gives no warranty as to the accuracy, completeness or timeliness of the information provided and accepts no liability for decisions taken solely on the basis of this help.

Income and expenditure serve two central functions:

1.

It lets you carry out all the accounting for your properties in a legally reliable way, fully digitally and user-friendly. At the end of the year you export all the accounts and Immodio automatically generates the DATEV file for your tax adviser.

2.

The second central function of income and expenditure is that, on the basis of these details, you can complete your entire operating cost and heating cost statement fully digitally and in a few clicks with Immodio.

• Using the magnifying glass icon at the top right you can conveniently search the whole set of entries by keyword, amount or category.

• The main view shows you an overview of all income and expenditure recorded for the year selected.

• By clicking an entry you can view the details of the income or expenditure and edit them at any time if necessary.

• Entries that are overdue and not yet marked as paid are highlighted in red. You can then check them and mark them as paid under "Status".

In the background Immodio uses the DATEV chart of accounts V+V (letting and leasing) and automatically creates suitable entries on the basis of the income and expenditure recorded, which you can forward as an export directly to your tax adviser. At the same time the income and expenditure recorded form the basis for your later operating cost statement.

Creating an entry

Using the "+ Create entry" button you can create a new entry. You can create either income or expenditure.

Income

Income is an entry for a payment connected with one of your properties, for example:

• rent payments

• advance payments of operating costs

• additional payments from an operating cost statement

You can find further information on creating income here.

Expenditure

Expenditure is an entry for an outflow of money or a cost item incurred that is connected with one of your properties, for example:

• tradesmen's invoices

• property tax

• waste charges

• insurance contributions

• caretaker costs

You can find further information on creating expenditure here.

DATEV export

In the background Immodio uses the DATEV chart of accounts V+V (letting and leasing) and automatically creates suitable entries on the basis of the income and expenditure you record. It will soon be possible to export these entries as a DATEV file and send them directly to your tax adviser. This makes processing the data considerably easier for your tax adviser and saves you tax advice costs.

Professional mode for income and expenditure

With professional mode for income and expenditure you can show additional categories for Income and expenditure which are particularly relevant for managing large property portfolios where your staff already have comprehensive accounting knowledge.

Where professional mode is enabled, extended categories based on the DATEV SKR 03 letting + leasing are available to you when recording income and expenditure. That is particularly helpful where you want to allocate accounts more comprehensively or where your entries go beyond the usual standard cases. In the background Immodio likewise uses the DATEV chart of accounts V+V.

Where professional mode is disabled, Immodio shows you a simplified selection of the most important categories.

The setting does not change income or expenditure already recorded. It only affects which categories are available to you when recording and editing.

Accounts

Here you will find an overview of the relevant accounts under the DATEV chart of accounts V+V (letting and leasing) with short explanations of possible income and expenditure. The accounts are grouped by topic. You can find the overview at the following link.

Under "Income and expenditure" you can record all the financial transactions of your property management, both income (for example rent payments, advance payments of operating costs) and expenditure (for example tradesmen's invoices, property tax, waste charges, heating costs).