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Year End Statement for PM
(page 1 )

Status: In Development 27 Votes
Shawn H
Jan 30, 2024 7:46 PM
OR Team Member Joined Aug, 2021 212 posts

Thanks for the nudge. This is our 2-year-long project(!) and it kept growing in scope, which is unlike anything we normally do. It was hard to find a cutting-off point to release with, so we kept allowing the scope creep to help get it right. Well, that time is nearing (the get-it-right part).

We hope to get it out early this year in an opt-in Beta (fingers-crossed). It won't help with 2023 tax/year-end reporting but we'll be working to have it be helpful for the 2024 reporting needs (no matter what month this year we get it released) for those that upgrade their PM module (which will be opt-in to start).

We really appreciate everyone's understanding and patience.

We'll update here as we can!

Julie A
Dec 7, 2022 8:45 AM
Joined Mar, 2019 22 posts

Has this been requested yet? I'm currently entering total monthly rent, commission, and expenses into excel year end statements for 50 properties and counting. If this could be downloadable like the monthly statements my life would be 10000% better :)

Ken T
Dec 7, 2022 11:29 AM
OR Team Member Joined Aug, 2019 1659 posts

[Another topic was closed as a duplicate of this topic (https://www.ownerrez.com/forums/requests/year-end-statements)]

Cheryl R.
Dec 11, 2022 7:00 PM
Joined Jan, 2018 20 posts

 

Any update on this?  

PM and Accounting work are continuing at full speed.  I documented the deposit and Airbnb stuff above, but we are also working on delivering a Year-End report for PMs/Owners before the end of 2022.  

 

Ken T
Dec 12, 2022 6:52 PM
OR Team Member Joined Aug, 2019 1659 posts

Looks like it'll drag into the beginning of the coming year.  :-(

Paul W
Dec 13, 2022 11:03 AM
OR Team Member Joined Jun, 2009 827 posts

There is a lot of active development going on on this.  There has been a years-long problem of how commission, tax, etc are stored now where they do not register as "expenses".  That throws off year-end reporting.  We are actively building an upgrade which will begin tracking commission, tax, etc as expenses with a report that shows teh roll up.  It's been in development for months.  As of right now, it looks like it won't come out until the new year.  There will be an upgrade process that will require you to step from the old verson to the new one by updating some things.

OPCD TX
Jan 17, 2023 12:44 PM
Joined Aug, 2019 24 posts

This has been an ongoing request. We need to have this report STAT. I know many of us would love this and are hoping to have some light shed on this very topic. Any updates from ORZ?

Paul W
Jan 19, 2023 5:49 PM
OR Team Member Joined Jun, 2009 827 posts

Hey guys thanks for the nudge. It's definitely time for a quick update...  We hit some snags over the holidays with testing this and had to put it back into dev for more work.  We are actively working on it, and it is at the top of our development efforts right now.  I do not have a firm ETA on it, but we do hope to have the upgrade button out for you in a few weeks.  We are sweating it hard on this side!  😥  There's a lot that's changing under the covers with PM on this one.

Sarah H
Feb 7, 2023 9:05 PM
Joined Jul, 2019 109 posts

Thanks Paul! Looking for an update on this one. Sounds promising when released!

Jennifer W
Feb 7, 2023 9:09 PM
Joined Oct, 2019 37 posts

Ditto Thanks!

Uncover Panama R
Feb 11, 2023 11:40 AM
Joined Feb, 2022 1 post

Good Morning from Panama , Panama

 

Quick question, Any way of producing a yearly statement for my owners?

 

Thank you very much

Ken T
Feb 14, 2023 4:55 PM
OR Team Member Joined Aug, 2019 1659 posts

Here's the best we have at present:

https://www.ownerrez.com/support/articles/property-management-common-issues-questions#full-year-statements

But, there are improvements planned and on the way.

Shoreline Rental
Oct 25, 2023 2:00 PM
Joined Sep, 2022 10 posts

As the end of the year gets closer and closer, I'm hoping and praying that there will be an end of year report to run for owners, as it will help greatly with taxes and reporting. Any updates on this development? Thank you <3

OPCD TX
Oct 26, 2023 9:51 AM
Joined Aug, 2019 24 posts

We desperately need this! The current report they have is an overview and doesn’t pull the detailed information. Downloading 24 properties and 12 statements for each and then combining everything has been a nightmare. We were promised a solution for the past two years with no good solution! Please help 

Shoreline Rental
Oct 27, 2023 8:49 AM
Joined Sep, 2022 10 posts

Agreed. I did it manually for 8 properties last year, and it was very time-consuming and not completely accurate, now I have 29 properties, and I'm terrified it will be the same situation. I couldn't imagine for the ones who have over 50. Fingers crossed this is released before Christmas 2023

Julie A
Oct 27, 2023 8:53 AM
Joined Mar, 2019 22 posts

I inquired about this a few months back and I was told it was possible it would not be out by the end of the year so every month I have been inputting data into my manual statements. With 65 it's a bear lol.

Katie K
Nov 6, 2023 12:28 PM
Joined Jul, 2019 19 posts

Hi I just wanted to add my vote to this topic in case its still possible it may be ready by end of the year, it would be such a major help, and incredible time saver to have a simple solution for this that could be customized the way that owner statements can. 

Sarah H
Nov 7, 2023 12:28 AM
Joined Jul, 2019 109 posts

Just checking in on this. Would be helpful. Agreed, few items that could show as expense for owners, and at annual level would be helpful. 

Peter E
Nov 7, 2023 12:32 PM
Joined Apr, 2023 2 posts

With approximately 1000 reservations across 25-30 properties where the inventory differs throughout the year, I am following this feature development with bated breath. Thankfully, our fiscal year ends at the end of April, so we've got some time.

 

This also begs the question of how to handle fiscal years that aren't necessarily January - December. Ours is May 1 - April 30, and all of the reports that reference "this year" use the Jan-Dec calendar year, so every time I want to run a fiscal year-to-date report, I have to manually change the dates.

Luxe Living Vaca
Dec 10, 2023 3:51 PM
Joined Dec, 2023 4 posts

Has there been an update on this topic.  1099 report for owners?

Shoreline Rental
Jan 15, 2024 2:28 PM
Joined Sep, 2022 10 posts

Has there been an update on this topic?