How a Single Source of Truth Benefits Hospitality Managers

Waterfall - single source of truth

What is a single source of truth? A single source of truth (SSOT) means that all of your company’s financial data is aggregated and stored in one place. This allows business leaders to obtain a holistic view of the company’s performance and make informed decisions based on a single point of reference. Consider this for…

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Overcoming Financial Growing Pains in Vacation Rental Property Management

Overcoming Growing Pains in Vacation Rentals

If you’re using Salesforce, congratulations, you’re in good company. They bill themselves as the world’s number-one CRM platform and rightfully so. I’ve been both a Salesforce user and administrator for more than 20 years, though the latter is not part of my current role. I’ve met and spoken with Mark Benioff, and he is a […]

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3 Ways That Property Managers Compare Sage Intacct to NetSuite

compare sage intacct to netsuite

In this article, we’ve collected customer reviews and ratings from G2.com to compare Sage Intacct and Oracle NetSuite on three important features that property managers need out of their financial software. We trust these ratings because G2 is an independent company with over 1.7 million software product reviews. They are not paid for or sponsored…

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7 Keys to Selecting Financial Software for Property Management

choose financial management software

Introduction When researching robust financial software and ERP solutions for property management companies, two solutions often come to the top of the list: Sage Intacct and Oracle NetSuite. Both provide an array of core accounting capabilities, serve customers globally, and can perform advanced reporting functions, but there are a few key differences that property managers…

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7 Financial Housekeeping Tips for Vacation Rental Managers

Financial Housekeeping

Imagine your business is one of your rental properties. No matter how much curb appeal it has, if the interior is a mess, it’s not going to live up to its potential. The same logic applies when it comes to your property management company. Even before going public, many successful companies depend on clean financials…

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Revenue Management 101 for Vacation Rentals

revenue management

Revenue management for vacation rentals is more than pricing Dynamic pricing has been a cornerstone of the hospitality business for more than a decade, but it’s only one piece of revenue management for your vacation rental business. Even for companies who operate with very little overhead costs, if you don’t know how your variable costs…

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Ximplifi, LLC. Adds Owner Portal to Automation Suite for Short Term Rental Accounting

Owner portal Ximplifi

Nashville, TN, US – Ximplifi, LLC., an accounting solutions provider specializing in vacation rental management, announced today the launch of the Owner Portal, a feature now available to property managers using its VRPlatform software. The new functionality addresses one of the biggest pain points of vacation rental management: preparing, sending, and reviewing monthly owner statements. …

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How To Use Accounting Software with A Property Management System

Header image accounting PMS

Vacation rental management is an attractive venture, but it also comes with specific financial duties and obligations. For example, property managers have a duty to keep owner funds secure and accurate by preventing commingling. Commingling funds means to mix expenses or income inappropriately, and it must be avoided by keeping business funds and owner funds…

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Simplify Vacation Rental Accounting with Guesty x VRPlatform

Guesty: A Vacation Rental Management Solution Established in 2013 by twin brothers Amiad & Koby Soto, Guesty is an end-to-end hospitality operations platform built to optimize and automate every aspect of your hospitality operations. With advanced technology, industry-wide expertise, and a team of 200+ engineers, Guesty saves time, maximizes revenue, and keeps your business ahead…

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