Hello dear Community,
I hope you are doing awesome. The thing I'm looking for is a Bookkeeping software that can:
Did you guys have any? I have done some extensive research already:
Bookkeeping software for vacation rentals is tough to find. However, there's a workaround system that we've created which allows for detailed reporting on per property level. Drom me a line on email@example.com or contact me through www.thenewhaus.com and I'll be happy to share an example with you for what we do.
I'd like to provide an update to my previous post from almost 2 years ago.
I've always cared about accuracy in bookkeeping and reporting because I know that if my books are accurate then I'd be able to rely on the reports I see, and I can make better decisions. Therefore, instead of using the multiple tools I had put in place through PMS - Zapier - QBO - Google Sheets and constantly do manual work and fix from integration errors, we decided to build a software that solves this problem.
The software can be found on www.domasoft.io and it automates bookkeeping for Airbnb hosts. We accept requests for access now and grant it based on the best fit for our current development. I hope you will give it a try and I know that we will help provide you visibility like never before. It is free for now.
My accountant set me up with it several months ago. It integrates Airbnb directly with QuickBooks or Xero accounting software and it handles all of my Airbnb reservation bookkeeping automatically. It's reliable and has great reviews in the QuickBooks App Store.
I have several AirBNB and property management clients that I use QuickBooks Online with for their bookkeeping. I use the QBO Plus that has “class” tracking, or another way to say it is “property” tracking. I post all AirBNB deposits and expenses per unit, which gives a great profit & loss per month per unit. It’s simple to use also. If you need more advice or help I’m at www.payforwardbookkeeping.com anytime. Good luck 🙂
I'm told that option is $35 per month. Isn't there another system that doesn't cost so much? I do want to track each property with expenses and income rentals. Just don't really want to spend $420 per year.
Thanks so much.
so far I found the best free cloud-based app is the https://www.tenantcloud.com/, its also available on the phone
It provided not only the accounting transaction, outgoing(expense) and also self calculated formula for depreciation of the asset.
Compliance is very important whilst get some extra income 😛
Quickbooks Online is best if you have multiple listings and perhaps other streams of income to divvy up. And then I use Bnbtally for automatic integration between Airbnb & Quickbooks, which works perfectly.