Comments on: Calculating Your Profit And Loss

By: Jeremy

Jeremy — Fri, 30 Dec 2011 23:48:43 +0000

Forgot to say: Do you fancy downloading a non-live-data version of your current spreadsheet? Being really selfish, I’d like to see if I could crib any further good ideas from yours.

Imitation is the sincerest form of flattery!

By: Jeremy

Jeremy — Fri, 30 Dec 2011 20:05:37 +0000

Hi Landlord,

I’ve developed my own spreadsheet, too. It’s based around the principle of Double Entry (which is a bit OTT but it makes finding mistakes – and I make many! – really easy). The main functions I’ve got are:
+ Every transaction’s got a ref. no so it’s easy to find the supporting paperwork come tax assesment time;
+ The usual stuff about rent tracking payments, so you know what you have or have not had;
+ Cash Flow planning. You make some good points about making sure a landlord measures P&L, but cash is king. This helps to prevent overcommiting cash outwards, e.g. doing a renovation just before a tax bill is due and then going accidentally over-drawn or getting caught short for maintenance cash when a tenant is due to leave;
+ An analysis of Profit overall and Profit per Property;
+ Issue of receipts and invoices.

This level of analysis has done me fine over the years.

By: Andre Violette

Andre Violette — Thu, 09 Jun 2011 17:43:32 +0000

i think its great i need to sort out 5 years worth. I have noticed either its me or the formulas are wrong for the totals. Extra outgoing adds to incoming. Extra income does not get included i downloaded it twice same result. Let me know if im just not using it right pls

By: Taj

Taj — Mon, 16 May 2011 22:03:24 +0000

Thank you for sharing your spreadsheet. I can use it and it really helped!

By: essence

essence — Tue, 10 Aug 2010 00:52:29 +0000

hiya, is there any possibility of making your more complicated spreadsheets visible so that I can have a look at it. ta

By: Pete

Pete — Mon, 17 Aug 2009 07:57:53 +0000

Hi,

Just found this website as I’m doing some prep work before taking the plunge into property investment. I want to learn as much as possible before setting out.

Great spreadsheet although isn’t there something missing? – the capital invested in the property and the ‘opportunity cost’ of having that sum tied up in the property.

For instance, you should take into account any interest that you could have earned on the deposit, shouldn’t you? Or is there a reason for leaving this off?

Cheers,

Pete

By: The Landlord

The Landlord — Fri, 17 Jul 2009 13:02:19 +0000

Hey Phil,

The file has been updated.

Cheers :)

By: Phil

Phil — Sun, 17 May 2009 08:18:45 +0000

Hi,

I would like to use your spreadsheet, however the download version has an extra column but the totals do not work.
Any chance of an update please

By: Just saying

Just saying — Tue, 06 Nov 2007 19:05:47 +0000

Thats pretty cool mate. i’m going to use your spreadsheet because its simple to use and im a simple person lol. many thanks

By: The Landlord

The Landlord — Tue, 06 Nov 2007 19:03:39 +0000

Thanks, Fiona.
Although i’m not really THAT organised; i’m pretty lazy also. Putting in a new entry takes about 1min, anyone can do it. It’s designed for lazy people such as myself that don’t want to monitor too much, but is up to date with the basics :)