This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our privacy notice.
Analytics

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.

Marketing

A bit of data which remembers the affiliate who forwarded a user to our site and recognises orders from those who become customers through that affiliate.

Essential

Tools that enable essential services and functionality, including identity verification, service continuity and site security.

 

Recording Gas and Electricity Bills in Landlord Vision

By 2 min read • September 2, 2022

Energy bills are a big topic at the moment, especially as they keep going up and up.  While we can’t help you pay them off, we can help you with recording these costs, and also the money you collect from your tenants to cover these bills.

Recording Gas and Electricity Expenses

There are different ways of recording expenses in Landlord Vision:

Repeating Utility Expenses

Simply tell the software to raise an expense every month – or every three months depending on how often the payments are taken. Go to Property Manager > Expense > Add Repeating Expense and the software will raise an expense for the same amount for the same supplier every month, or quarter.

Fixed Payments, Variable Bills

Many people are on tariffs that allow them to pay the same payment every month, then receive bills that vary throughout the year. In late summer they will be in credit, in late winter they won’t be. If this is you and you want to track this, you can do this in the software. Let’s say you are paying Smart Energy Co. £250 every month. Record payments as follows in Property Manager > Payments > Expenses Payments:

March £250
April £250
May £250
June £250
July £250

Then record the bills as they come in under Property Manager > Expenses:

March £345.98
April £327.52
May £306.39
June £251.41
July £191.75

Then allocate the payments to the expenses:

An example of allocating expenses to payments in Landlord Vision

You can then use the Summary of Payments on the Property Manager > Expenses page to see where you are up to based on the bills that you have received and the payments you have made. Filter by the Supplier and then click Show Summary of Payments right at the bottom of the page:

An example of how to find a summary of utility payments entered into Landlord Vision.
An amount in the Paid (Unallocated) field 

Charging Tenants for Bills

If you charge your tenants for the utility bills in addition to their rent, you can raise charge invoices to track these collections. Head to Tenant Manager > Invoices > Add Repeating Invoice and record the amount you are charging the tenant and how often.  Landlord Vision will raise a charge invoice each time which you can allocate payments to.

An image showing how to track tenant utility payments in Landlord Vision

You can track these on the tenant’s Statement of Account.

Was this post useful?
0/600
Awesome!
Thanks so much for your feedback!
Got it!
Thanks for your feedback.
Share with friends:
Copied
Popular articles

Get the best of Landlord Insider
delivered to your inbox fortnightly

Sign up and we’ll send you our latest posts, tax tips, legal tips, software tips and compliance deadlines, everything you need to know every two weeks. Unsubscribe any time.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.