As Seen In
Solve the Trust Accounting Problem
What’s Included?
Revenue Recognitions
Record reservation line items and advance deposits in accordance with accrual accounting methods
Trust Reconciliations
Account for every dollar in the trust account by reservation, owner, property, and channel
Reimbursable Expenses
Track and report expenses billable to owners, such as property maintenance, housekeeping, and other pass-through fees
Management Commissions & Fees
Ensure you’re collecting the right amounts and prevent revenue leakage
Owner Statements
Prepare & deliver CPA-approved owner statements that are on time, every time
Occupancy Tax Reporting
Simplify lodging and occupancy tax compliance with a monthly report summarizing revenue by listing and channel
Owner Statements
Delivery & Format
Statements are delivered monthly as a PDF and through an owner portal where homeowners pull current and historical statements on demand. Silver and Gold clients receive statements by the 10th business day; Platinum clients by the 7th.
Built to Your Owner Agreements
We tailor each statement to reflect your fee structure, reserve practices, reimbursable categories, and any contractual reporting commitments — so what an owner sees lines up with what they signed.
Year-End Reporting & 1099s
At year-end, owners receive an annual summary alongside their final monthly statement, and we handle 1099 preparation for owners who meet filing thresholds.
Accounting Solutions Trusted by Property Managers
Rental Units
Property Managers
Years Combined Experience
Trust Accounting Made Simple
WHY XIMPLIFI?
Stress-Free Vacation Rental Trust Accounting
As a team of CPAs and accountants who specialize in serving the vacation rental industry, we have perfected our processes to eliminate trust accounting headaches.
Leverage Industry Wisdom
Skip the learning curve and avoid common pitfalls of short-term rental trust accounting. 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 trust accounting workload. Ximplifi’s team has experience supporting clients with complex financial 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 trust accounting experts to manage your books.
FEATURED CASE STUDY
My Destin Beach Vacation
Ximplifi helped My Destin Beach Vacation, a Florida-based vacation rental management firm, eliminate trust accounting headaches by reducing the time spent on accounting from weeks to one day.
“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
What’s included on a Ximplifi owner statement?
Each statement breaks down rental revenue by booking channel, channel and processing fees, management commission, line-itemed reimbursable expenses, occupancy taxes collected and remitted, and the resulting net payout to the owner — with year-to-date totals alongside the current period.
