Download free excel template for tracking rental payments and incomes. Use of this depends on whether rental charges are income for you or expenditure. It is useful for personal and professional use. Furthermore, you can use this template to amortize your pre-paid rental charges over a period of time. As per accounting standards, you are required to amortize the prepaid rental charges in your books.
About Tenant Rental Ledger Excel Template
This template comes with a very elegant color scheme for branding purpose. You can modify it as per your requirement. Now, you can list down the period for rental, due dates, amount paid and cheque number for payments. In most of the countries, rental charges are paid via post dated cheques or online transfer.
When you update the total rental in the top most section for the specific period, balance section gets auto updated as per your payment information. By the end of the specific period, all the rental charges payable should be Nil.
If you have paid the full amount then, each month amount will become your amortization amount. You need to change the nomenclature of the column to make it easier for everyone to understand.
If you have multiple properties, you can either create additional worksheet (by copying) for each property or use our comprehensive general ledger account excel template.
Download and use Tenant Rental Ledger Excel template
To use this free Tenant rental ledger excel template, you should have Microsoft Office/ Microsoft Excel installed in your system.
Once extracted, you can open the file using Excel and start entering data or customizing the template.