Landlord guide to understanding your statement

1.Opening Balance
This is the balance brought forward from your previous statement, reflecting any funds left in your account.

2.Income
This section details the income received during the statement period. For overseas landlords, it also includes any applicable tax credits.

3.Expenditure
Here, you'll find a breakdown of all deductions from your income, such as management fees, supplier invoices, and withheld tax.

4.Landlord Payments
This section lists all payments that have been transferred to your bank account.

5.Closing Balance
This shows the remaining funds in your account at the end of the statement period. It includes any interest earned, funds reserved for ongoing works, and any float withheld.

6.Invoices
This section provides details on all invoices issued during the statement period. It includes invoice numbers for your reference and accounting needs. Please note, these are not duplicate or additional charges, but rather a detailed record of the payments listed earlier.

If you have any further questions about your statement, feel free to contact our accounts department at accounts@djalalexander.co.uk.