ClearNow Tracks Income and Expenses: Completing Schedule E is Now a Breeze
Durham, NC – Landlords can now use ClearNow to track income and expenses via their ClearNow accounts. Some income and expense items are automatically tracked, such as rent payments made via ClearNow and ClearNow’s service fees, while others can be easily added by the landlord. There is no additional charge for income and expense tracking. With ClearNow’s income and expense tracking, additional reports such as profit and loss statements are available making it easy to manage properties. One report in particular, the Schedule E Helper, makes completing the Schedule E of Form 1040 simple at tax time saving time and headaches from this tax chore.
“Since our groundbreaking service was introduced in 2000, ClearNow has continually enhanced online rent payments for landlords, property managers, and their tenants,” explains Justin Yung, a Vice President with ClearNow, Inc. “With income and expense tracking with ClearNow, we’re continuing this tradition of making something that was time consuming easy. Preparing Schedule E during tax season is now a breeze!”
ClearNow is a very low-cost and easy solution for tenants to pay rent online and for landlords and property management companies to collect rent online. ClearNow is the solution for landlords and property management companies who want an efficient process for collecting payments and receiving reports of payment activity. Always innovative, ClearNow was the first online rent payment service to enable tenants to report their rent payment history to credit bureaus. To learn more, visit www.ClearNow.com or call ClearNow Customer Support at (866) 882-5327.
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