Track Income & Expenses
Tracking income and expenses is a must in order to get cash flow insights and do Spanish tax filing.
Rental income
When you're renting out (f.e. on platforms like Airbnb and Booking.com) there's income flowing into your back account. You need to log this income so you can do income tax filing in Spain (Modelo 210).
Log the income of a booking
Create a financial booking of your income per rental booking. Got paid by Airbnb? Log that payment.
Assign to your property
Assign the rental income to the right property. Got only one property? Easy. Got more? No problem at all.
Upload proof
Add proof to your income by uploading documents of your payout (f.e. the Airbnb payout details or your bank transfer details).
Expenses
There's plenty of expenses for your property. You're paying utilities, insurance, cleaning, community fees, mortgage. Expenses need to be logged as well to calculate tax deductions for your income tax filing.
Log every expense
Create a financial booking of every expense related to your property. Money going out? Log that expense.
Select the right ledger
Tax deductions are determined based on the ledger you choose. Not every expense can be deducted in the same way.
Upload proof
Add proof to your expense by uploading a copy of the invoices or receipts you receive.
Ready to track income and expenses?
Start your own financial administration in under 3 minutes
Why do I need to log income and expenses
As a holiday home owner in Spain you need to file for income taxes (the Modelo 210 form) every year. To know what taxes you owe, your income and expenses need to be known.
Why do I need to store copies of invoices?
You need to store copies of receipts and invoices and proof of income to be able to provide proof in case of an audit. By uploading this proof with every expense or income booking in AvenidaHQ, you are audit-ready.
Are all expenses I log deductible for taxes?
No they are not. If and in what way your expenses are deductible depend of the type of expense. By selecting the right ledgers when booking an expense in AvenidaHQ, the right type of deduction will be applied.
Can I export my bookings and proof?
Yes you can. With our income tax module you can create a tax report that includes a summary, Excel file with all bookings for the year and an export of all uploaded proof (PDF files for example).