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Any bookkeepers with letting agent clients?

  • Associate
  • Practice Licence
  • 3 posts
  • # 95178

Hi,

I have just been employed as a bookkeeper for a letting agency and their books are a mess.

The software is sage.

However i am not familiar with letting agencies therefore i need some help with the double entry postings for the company.

For example,  i need some advice on how to enter rent receipts from tenant and then rent payments minus fees etc to landlord.

I am not sure how to input management fees and any other amount that is deducted on to sage.

Also i am not sure how to enter things such as service charge and ground rent using which nominal codes.

Any help will be much appreciated.

Thank you

Emma

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