Hi @John9150,
Yes, many hosts have noticed this before. The difference usually comes from how Airbnb generates each report:
The Excel payout report shows actual payouts to your account (after fees, cancellations, adjustments, and taxes). It’s basically cash flow.
The PDF annual earnings report shows gross booking earnings before all those adjustments. It’s the number Airbnb reports for tax purposes.
Because of that, the two rarely match perfectly — the Excel is better for tracking your bank deposits, while the PDF is what most hosts use when filing taxes.
👉 Quick tip: If you want them to reconcile, compare booking dates vs. payout dates — they don’t always fall in the same tax year or month, and that can explain big gaps.
