Sample Accounting Statement
Vision Realty Property Management Division

Vision Realty is a team of seasoned real estate brokers
with over 160 years of combined real estate experience.

Vision Realty has designed your accounting statement to coincide with the items listed on the
Internal Revenue Services Income Tax Form related to investment properties. 
This eases the process for you and/or your accountant at tax time. 

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SAMPLE ACCOUNTING STATEMENT
February 28, xxxx

John Doe
123 Property Address
Income
Rental Income
1/8/2009 Tenant Smith Check # Jan $300.00
2/3/2009 Tenant Smith Cash Ticket # Feb 300.00
Total Rental Income $600.00
Late Charge
1/8/2009 Tenant Smith Check # Jan Late $25.00
1/15/2009 Vision Realty Check # Jan Late -12.50
Total Laundry Income $12.50
Laundry Income
1/31/2009 Coin Cash Ticket # through 1/31 $20.00
1/28/2009 Coin Cash Ticket # through 2/28 20.00
Total Laundry Income $40.00
Total Income to Date $652.50
Expenses
Property Management Fees Rental Income
1/15/2009 Vision Realty Check # Jan-Rent $30.00
2/15/2009 Vision Realty Check # Feb-Rent 30.00
Total Property Management Fees Rental Income $60.00
Property Management Fees Laundry Income
1/31/2009 Vision Realty Check # Jan-Laundry $2.00
2/15/2009 Vision Realty Check # Feb-Laundry 2.00
Total Property Management Fees Laundry Income $4.00
Expenses
Real Estate Tax Reserve Deducted from Monthly Income Stream
1/15/2009 Reserve Check # Jan $30.00
2/15/2009 Reserve Check # Feb 30.00
Total Real Estate Tax Reserve Deducted from Monthly Income Stream $60.00
Real Estate Mortgage
1/6/2009 Check # Bank Name Jan $100.00
2/6/2009 Check # Bank Name Feb 100.00
Total Real Estate Mortgage $200.00
Hazard Insurance Reserve Deducted from Monthly Income Stream
1/6/2009 Check # Check # Jan $30.00
2/6/2009 Check # Check # Feb $30.00
Total Hazard Insurance Reserve Deducted from Monthly Income Stream $60.00
Repairs
1/2/2009 Check # Plumber Faucet Leak $50.00
Total Repairs $50.00
Total Expenses to Date $434.00
Available for Distribution to Owner (Income Less Expense) $218.50
Proceeds Deposited to Owners Account or Proceeds Mailed to Owner
1/15/2009 Check Number Owner Name Jan $90.50
2/15/2009 Check Number Owner Name Feb 128.00
Total Proceeds Delivered to Owner $218.50
Reserves
Vision Realty Required Reserve for Maintenance
1/1/2009 Trans from 2004 Journal Entry Reserve from 2004 $100.00
Total Held in Vision Realty Required Reserve for Maintenance $100.00
Real Estate Tax Reserve
1/15/2009 Reserve Check # Jan $30.00
2/15/2009 Reserve Check # Feb 30.00
Total Real Estate Tax Reserve $60.00
Hazard Insurance Reserve
1/6/2009 Check # Check # Jan $30.00
2/6/2009 Check # Check # Feb $30.00
Total Hazard Insurance Reserve $60.00
Balance in Account $220.00
Your Accounting Statement may look slightly different than the above depending on the services that you have requested..  Should there not be enough monies in your account to make your mortgage payment then we will contact you to send funds for distribution to your lender or the making of a scheduled repair.  The accounting software also allows us limited space for typing of descriptions; therefore, you may see abbreviations:  Property Management Fee may be abbreviated as "Mgmt Fee".  Please remember that if we do not have the funds in your account then we cannot pay a vendor or schedule the repair.
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Vision Realty in Mena Arkansas, REALTORS®
500 Mena Street, P O Box 192, Mena, AR 71953
479-394-1111 ~ Fax:  479-394-0003 ~ Copyright 2001 through 2015
07/16/15 07:59 PM

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