How to enter home repayments?

Hello,

Regarding how you purchased the property (alone or with someone else) or whether you purchased it through your sole proprietor, the impact of depreciating a property on a (possible) later sale of that property, etc., we at Dexxter are unable to provide an answer.

However, when entering a new investment, you can adjust the professional use % (i.e. the percentage of the total price that you will use for professional purposes) in the screens. After you have selected cost categories for an investment in step 4), you can then adjust the percentage in the same screen. Dexxter will then take this into account for future depreciations. If you have added historical depreciation, you cannot (yet) set a professional use percentage. We will definitely add this to our to-do list, as it could be useful to add a percentage there as well. For the time being, you could limit the total amount when entering a historical depreciation to the amount you would arrive at after applying the professional use percentage, possibly adding your own note in the description so that you will remember this later.However, we will add to our to-do list that a professional use % can be added when adding historical depreciation.

Dear Sir/Madam,

I checked this with an accountant. They said that I can enter the interest on my monthly repayment as 'residence costs'. How can I enter this? I have a repayment plan, but of course the amounts of interest vary each month and I don't receive individual invoices from here.

Thanks in advance!

Hello,

You could create a new cost category under the category "residence costs". Then create a new one under that with the name: "mortgage interest", for example.

An invoice is not necessary in itself, as long as you can provide proof of payment. At Dexxter, we always work on a document basis, so you can enter an expense if you link a document to it. You could solve this by simply adding a bank statement, for example, or even a blank pDF, and just assume that you will be able to prove this at the time of a tax audit.

Then you will either have to check how much interest you have paid monthly and enter that in the accounts. Or you could simply wait until the end of the year and then, in December, for example, enter all the interest from the past year in one go, which will save you some time. Then your accounts will not be 100% accurate during the year because the interest has not yet been entered, but if you keep that in mind, you will still have a realistic picture :)

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