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Expense analysis uses the companys income statement to determine how and where the company is spending its money. Expenses in a company are necessary, but the expenses should be kept as low as possible compared to the revenue. The lower the expenses, the better the bottom line.
What is Income/Expense IQ? Income/Expense IQ provides you with nationwide, real-time property benchmarksgiving you actionable insights to identify opportunities and optimize financial performance.
Use the Income Expense report (Reports Income Expense) to view your net income over a date range. This report shows a breakdown of your income and expenses into categories and allows you to compare your budgeted spending side-by-side with your actual spending.
The IES provides detailed local data and a national economic analysis, giving apartment operators the financial tools they need to benchmark their performance against their peers. The report includes data for market-rate and subsidized properties.