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Benefits of Outsourced Bookkeeping for Vacation Rental Managers
What’s Included?
Expenses and payroll
Track, categorize, and report all company expenses including payroll
Accounts Payable
Ensure timely and accurate payments to vendors and owners
Accounts Receivable
Maintain balance sheet accounts by reviewing all payments and reservation invoices
Monthly Reconciliations
Reconcile trust and operating accounts for an accurate picture of financial performance
Fixed asset management
Track fixed assets, manage classes and schedules, and post monthly depreciation
Tax liabilities
Calculate and manage state and local tax obligations to stay compliant
Accounting Solutions Trusted by Property Managers
Rental Units
Property Managers
Years Combined Experience
Bring Clarity to Your Vacation Rental Finances
Benefits of Outsourced Bookkeeping Services
- Avoid time-consuming errors caused by manual data entry and outdated spreadsheets with cloud-based accounting software managed by experts
- Access financial data that’s always up to date, allowing you to make informed decisions that align with your company’s goals
- Confidently manage your business with easy-to-understand financial reports that don’t require an accounting degree
WHY XIMPLIFI?
Stress-Free Vacation Rental Bookkeeping
From recording transactions and reconciling bank statements to tracking expenses and more, Ximplifi ensures your vacation rental company’s books are always accurate.
Leverage Industry Wisdom
Skip the learning curve and avoid common pitfalls of short-term rental bookkeeping. Leverage our team’s experience to make informed decisions, implement proven solutions, and set your business up for success.
Scale with Efficiency
As your portfolio expands, so does the accounting workload. Ximplifi’s team has experience supporting clients with complex bookkeeping requirements, so you can grow cost-effectively at your own pace.
Spend Your Time Wisely
Your time is your most valuable asset. Free up more hours in the day to focus on serving owners and guests by hiring our team of seasoned short-term rental accountants to manage your books.
FEATURED CASE STUDY
My Destin Beach Vacation
Ximplifi worked with My Destin Beach Vacation, a Florida-based vacation rental management firm, to provide cleaner owner statements and efficient bookkeeping services, allowing them to double the size of their portfolio.
“We tried using an accountant who had never worked with short-term rentals before, and it was a disaster. It was so much easier to go to someone that actually does this for a living, and that was Ximplifi.”
FAQS
You have Questions. We have Answers
How does Ximplifi differ from a traditional bookkeeper?
Unlike traditional bookkeepers who you only engage at the end of the month, Ximplifi becomes an extension of your team. We continuously review new transactions, bills, and deposits as they occur, so you don’t have to wait weeks to find out what your month-end balance was.
