Sources:
Why Collecting Rent in Cash is Outdated?
Accepting cash for rent collection can sometimes increase cash on hand or reduce delays but moving toward digital forms of payment is recommended. By doing so, landlords and tenants can reduce potential harm, boost productivity, and streamline the rent collection process.
A Guide to Creating Powerful Landlord Reports That Make Year-End Finances and Taxes Easier
Landlord accounting can be a very complicated process, and it is important for landlords to get it right. Here are several things that landlords should understand and do to make sure that their accounting reports are accurate.