To add a loan, you have two options: Go to the “Finances” section, then click on “Loans/Mortgages” and finally on the “Import a Loan” button to import a payment schedule; Go to the “Finances” section and create a new recurring expense of type “Loan” from the “Finances” section or import a payment schedule. Create a loan with a recurring “Loan” expense If you choose to create a recurring expense of type “Loan”, you have the option of using the automatic payment schedule calculation. To do this, you will need to provide the following information: The start and end date, The Read more
Loan
Recurring expense management
Create a recurring expense You have the option to create a recurring payment from the “Finances” section by selecting “Add an Expense”. Choose the type of payment, the frequency of recurrence, as well as the start and end dates, then click on “Save”. The creation of a recurring expense has several advantages, including: Automated management: It allows for the automation of tracking regular expenses, such as monthly or annual bills, thus avoiding the need to manually enter this information each time. Time saving: By setting up a recurring expense, you save time by not having to enter the same payment Read more
Amortization
Certain expenses are deductible from taxes. Amortization refers to the loss of value of an asset over a given period. Each year, it is possible to deduct the amount of this loss in value. To record amortization, follow these steps in the Finances section: Click on “Add an expense”. Choose the type “Amortization”. Select the duration of amortization. Save the information by clicking on “Save”. Rentila uses the straight-line amortization method. This method evenly distributes the cost over the amortization period. The calculation formula is: Annual amortization = Amount of the expense / Duration of amortization. Examples of usage duration Read more
Loans & Mortgages
In this section, you can create and manage loans (mortgage, home improvement loan, etc.) and their corresponding schedules. You have the option to perform the following operations: Create a loan (or import a schedule according to our model), Delete a loan. To create a loan, you can do it directly from the “Finances” section or import the data. You can filter records based on different criteria such as the landlord, the property, or the loan. Furthermore, you have the option to export your records using the “Export” action available at the bottom of the table.
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