COLLATING END OF FINANCIAL YEAR DATA
If your property is managed by an agency, you should receive statements every time there is a payment disbursement. Property management agencies generally disperse twice monthly or monthly, at which point a statement is generated.
If you are managing your property yourself you may be creating statements as you go or perhaps a ledger showing all the income and outgoings. At the end of financial year, you maybe collating these statements and summarising income and expenses for a given financial year.
When your property is managed by an agency, their specialised property management software collates all the data for the financial year in one comprehensive, summarised statement that you can then use to assist you.