Generating and Using the Rent Revenue Report in FalconPro Real Estate Software
Introduction
Tracking rent revenue is essential for real estate businesses to monitor contract-based earnings and ensure accurate financial reporting. FalconPro Real Estate Software provides a Rent Revenue Report, which:
✅ Shows monthly rent revenue, whether collected or not.
✅ Tracks rental income based on contract periods.
✅ Includes VAT details for commercial properties.
This guide explains how to generate and use the Rent Revenue Report in FalconPro.
1. Understanding the Rent Revenue Report
Unlike standard rent collection reports, which track actual received payments, the Rent Revenue Report calculates:
- Total revenue based on contract periods.
- Monthly revenue breakdown per unit, building, or landlord.
- VAT adjustments for commercial leases.
This allows businesses to track projected income, even if payments are pending.
2. Accessing the Rent Revenue Report
To generate the report, follow these steps:
Steps to Retrieve Rent Revenue Data:
- Go to “Reports” → “Rent Revenue Report”.
- Select the Date Range (e.g., January 1 – December 31).
- Click “Retrieve” to Load Data.
- Choose Between:
- ✅ Detailed View – Shows revenue per contract, per month.
- ✅ Summary View – Groups revenue by unit or building.
- Click “Export to Excel” or “Print” if Needed.
✅ Now, the Rent Revenue Report provides a complete breakdown of earned rental income.
3. Understanding How FalconPro Calculates Rent Revenue
FalconPro automatically assigns rent revenue per month based on contract start and end dates.
Example Calculation:
- Lease Start Date: January 15
- Lease End Date: December 14
- Monthly Rent: AED 10,000
- Total Contract Value: AED 120,000
FalconPro will split this amount across 12 months, ensuring that each month’s revenue is correctly recorded.
4. Filtering the Rent Revenue Report by Property Type
Users can filter residential and commercial revenue separately.
Steps to Filter the Report by Property Type:
- In the Rent Revenue Report, select “Property Type”.
- Choose “Residential” or “Commercial”.
- Click “Retrieve”.
✅ Now, only selected property types will be displayed.
💡 Tip: For commercial properties, the VAT column will show automatically calculated tax amounts.
5. Tracking VAT in the Rent Revenue Report
For commercial properties, FalconPro automatically applies VAT (5%) on rental revenue.
Steps to Include VAT in the Report:
- Ensure VAT is Enabled in Property Settings.
- In the Rent Revenue Report, Select “Include VAT”.
- Check the “VAT Amount” Column for Each Entry.
✅ Now, VAT calculations are included in the report, ensuring tax compliance.
6. Best Practices for Rent Revenue Reporting in FalconPro
✅ Use the Rent Revenue Report for financial forecasting.
✅ Regularly update contracts to ensure accurate revenue tracking.
✅ Filter reports by property type for easier tax reporting.
✅ Export reports monthly for accounting records.
✅ Check VAT calculations before submitting tax reports.
Conclusion
FalconPro Real Estate Software’s Rent Revenue Report provides businesses with a structured way to track rental income, ensuring:
✅ Accurate financial reporting.
✅ Automated revenue calculations.
✅ Detailed VAT tracking for tax compliance.
FAQs
1. How is rent revenue different from rent collection?
Rent revenue is earned income based on contract dates, while rent collection shows actual received payments.
2. Can I generate the Rent Revenue Report for a single landlord?
Yes, FalconPro allows filtering revenue by landlord for customized reporting.
3. How do I ensure VAT is correctly applied in the report?
Verify that commercial properties have VAT enabled in their contract settings.
4. Can I edit past revenue entries?
No, FalconPro automatically calculates revenue based on contract data.
5. Is the Rent Revenue Report useful for tax filing?
Yes, businesses can use this report to track total rental earnings and VAT calculations for tax submissions.
