Understanding your rental statement 

1. Opening Balance – This is the balance carried forward on the landlord’s account from the previous statement.
2. Income – The income section shows income received. For overseas landlords, it will also show any tax credits.
3. Expenditure – This section shows expenditure that has been deducted from income, such as management fees, supplier invoices, and withheld tax.
4. Landlord Payments – This section shows payments that have been made into the landlord’s bank account.
5. Closing Balance – This shows the funds that are left on the landlord account at the end of the statement. This includes any interest earned, funds on account for works and float withheld.
6. Invoices – Highlights all invoices raised against the landlord. This section provides more information on the invoices that also appear in the payments section of the statement. It also provides an invoice number for the landlord to use for accounting purposes. It is not a duplicate or additional charge.

To access your statements, you will soon be able to log in to your Propertycloud account, click on the Documents tab, and download your statements directly.

Please note that this feature will not be available immediately. In the meantime, your statements will be sent to you by email. Once the Propertycloud document portal is live, you will be able to log in at any time to view your statements whenever you need them.

Should you have any further questions regarding your statement, please do not hesitate to contact the accounts department on letting.accounts@clydeproperty.co.uk.