Report Related

There are six different categories of reports in the Mi Property Portal system –

a) Financial,

b) Income/Expense,

c) Rental/Tenant,

d) Owner,

e) Vendor/Other and,

f) Visual/Customized.

You can add company logos to certain reports. However, this feature is not available for all reports at the moment. We are actively working on expanding this capability to include more reports within our system.

Once implemented, adding your logo will enhance your branding on the reports you generate, making them more professional and recognizable.

Understanding the differences between the Aged Payable Report and the Aged Receivable Report is essential for effective financial management. Here’s a breakdown of each report:

1. Aged Receivable Report (AR Report):
   • Purpose: This report lists all unpaid tenant invoices, providing a clear view of amounts owed to the business by tenants.
   • Functionality: It helps property managers track outstanding rent payments, identify overdue accounts, and manage cash flow effectively.
   • Details Included: The report typically categorizes unpaid invoices based on how long they have been outstanding, such as 30, 60, or 90 days past due.
2. Aged Payable Report (AP Report):
   • Purpose: This report lists all unpaid vendor bills, detailing the amounts that the business owes to its suppliers and service providers.
   • Functionality: It assists in managing cash outflows, ensuring timely payments to vendors, and maintaining good supplier relationships.
   • Details Included: Similar to the AR Report, this report categorizes unpaid bills based on their aging status, helping identify which payments are overdue.

Summary:

• The Aged Receivable Report focuses on tracking unpaid invoices from tenants (money owed to you), while the Aged Payable Report centers on monitoring unpaid bills to vendors (money you owe). Both reports are crucial for maintaining healthy financial operations and ensuring effective cash flow management.

The balance sheet is a fundamental financial statement that offers a comprehensive snapshot of a company’s financial position at a specific point in time. Here’s what it includes:

1. Total Assets: The balance sheet lists all of the company’s assets, which are resources owned by the business that have economic value. This includes both current assets (like cash and accounts receivable) and long-term assets (such as property, plant, and equipment).

2. Total Liabilities: It details the company’s liabilities, representing obligations that the company owes to outside parties. These can be categorized into current liabilities (due within one year) and long-term liabilities (due after one year).

3. Shareholders’ Equity: The balance sheet also outlines the equity section, which reflects the owners’ claims on the company’s assets after all liabilities have been deducted. This includes common stock, retained earnings, and additional paid-in capital.

Yes, every report can be downloaded as a PDF for your convenience. This feature ensures you can easily save, share, or print the reports as needed.

Simply look for the “Download as PDF” option within the report interface, and with a single click, your file will be ready for download.