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The document is a Property Operating Statement that outlines the financial performance of a property for a specific period. It details annual income sources such as rental, laundry, and garage income, along with deductions for vacancy, bad debt, and concessions to calculate total income. Additionally, it lists various annual expenses related to property management and maintenance. The document also includes a section for comments on mid-year vacancies or significant expenses.

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What is the operating statement of a rental property?

Income Statement (also known as statement of operations, profit and loss statement, or statement of earnings): A financial statement that shows your revenues, expenses, and profit over a specific period of time.

What is another word for operating statement?

The Operating Statement lists revenue and expense accounts and displays the net amount of transactions entered in the current month, the monthly budget amount assigned to the account and the difference between these.

How to write an operational statement?

Key elements of an Operating Statement are: Sales and Service revenue as separate line items combined as Total Revenue. Cost of goods sold and Cost of services as line items combined as Cost of Sales and Services for operating costs. Gross Profit Margin (Revenues minus Cost of Sales and Services) Operating Expenses:

What word can I use instead of statement?

Synonyms utterance. avowal. pronouncement. speech. assertion. declaration. allegation. profession.

What is considered an operating statement?

A statement of operations is a financial statement businesses use to report revenues, cost of goods sold, operating expenses, operating profit, non-operating expenses, and net income (loss). Accountants report results from continuing and discontinued operations in different sections.

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What is another name for the operating statement?

Professionals can use a few different titles to refer to a statement of operations, but they all refer to the same type of document. Here are some of the other names that a statement of operations can sometimes be known as: Profit and loss statement (PL) Statement of income.

What words can I use instead of operating?

operational. managing. working. using. operative. running. supervising. performing.

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What is the operating statement of a rental property?

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