How to view the profitability of a property using the FreeAgent mobile app
This article explains how to use the FreeAgent mobile app to view a breakdown of the income and costs allocated to a property that you’ve added to an unincorporated landlord account in FreeAgent, in order to view its profitability.
Please note that:
- you’ll need level 7 access or above to your FreeAgent account to follow the steps below
- any changes you make using the FreeAgent mobile app will be reflected in the desktop version of FreeAgent
How to view the profitability of a property
Open the FreeAgent mobile app on your iOS or Android device and log in using your FreeAgent login details if prompted. If you’ve accessed the app recently, you may be logged in automatically.
Tap the three-lined 'hamburger' icon at the top-left of the FreeAgent mobile app and select 'Property'.
You can view the overall profitability for all of your properties or view the profitability of a single property.
Viewing your overall property profitability
At the top of the ‘Property section, you’ll see an overall profit or loss figure for your property portfolio based on the total income and costs recorded for all of your properties.
Viewing the profitability of a single property
To see the profitability of a single property, select the address of the relevant property from the list.
This will display a current property profit or loss ‘Summary’. Please note that it’s not possible to change the date of the summary which will default to the current year to date. You can also view a breakdown of the income and costs allocated to the property.
Profitability
The current profit or loss for the property will be displayed at the top of the ‘Summary’.
Income
The total income for the property will be displayed in the ‘Turnover’ section of the ‘Summary’.
Costs
The total costs allocated to the property will be displayed in the ‘Expenses’ section of the ‘Summary’.
Viewing a breakdown of the income recorded for a property
To view a breakdown of the income recorded for the property, select the 'Income' tab.
This will display any items that are related to income for the property, including invoices, credit notes, bank transactions and journal entries. Please note that if you’re VAT-registered, the figures will include VAT. Therefore, the figures might not match the income figures on your Profit & Loss report, which exclude VAT.
It’s not currently possible to sort or filter the information on the ‘Income’ tab.
Viewing a breakdown of the costs allocated to a property
To view a breakdown of the costs allocated to the property, select the 'Expenses' tab.
This will display any items that are related to costs for the property, including out-of-pocket expenses, mileage claims, bank transactions, bills and bill credit notes. Please note that if you’re VAT-registered, the figures will include VAT. Therefore, the figures might not match the cost figures on your Profit & Loss report, which exclude VAT.
It’s not currently possible to sort or filter the information on the ‘Expenses’ tab.