How Domara tracks your rental income and expenses automatically.
Domara's bookkeeping tracks every dollar that flows in and out of your rental business. Rent payments are recorded automatically. Expenses you add manually or by scanning receipts.
What's tracked automatically
- Rent payments — every payment a tenant makes through Domara is recorded as income, tied to the specific property and unit
- Late fees collected — counted as additional income
- Deposits received — tracked separately from rent income
What you add manually
- Expenses — repairs, property taxes, insurance, utilities, management fees, and other costs
- Receipts — upload or photograph receipts for expense documentation
How it's organized
Everything is broken down by:
- Property — see income and expenses for each property separately
- Category — IRS-aligned expense categories (repairs, insurance, taxes, etc.)
- Time period — monthly, quarterly, or annual views
Why it matters
Come tax season, you'll have everything you need for Schedule E (the IRS form for rental income and expenses). No digging through shoeboxes of receipts or spreadsheets — it's all in one place.
Still have questions?
Our AI assistant can help, or reach out to our team directly.