Hostaway and Ximplifi partner to enable accounting automation

Hostaway-Ximplifi-PR

Canada / US, February 1, 2022 — All-in-one vacation rental management platform Hostaway has announced a partnership with vacation rental accounting software Ximplifi. Ximplifi’s VRAccountant platform has connected via Hostaway’s API to allow property managers to tap into cloud-based accounting solutions QuickBooks Online and Sage Intacct. In addition, Ximplifi provides consulting and services for the…

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Outsourcing vs. Upgrading: Two Options for Vacation Rental Accounting

outsource or upgrade accounting

Outsourcing vs. Upgrading: Two Options for Vacation Rental Accounting The exacting demands of trust accounting create huge headaches at most vacation rental management businesses. Trust accounting is a time- and labor-intensive obligation that repeats month after month. Even harder, the particulars of trust accounting are foreign to many working accounting professionals and hard to learn…

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Tax Reporting Tips for Vacation Rental Property Managers

tax prep

Tax Reporting Tips for Vacation Rental Property Managers Tax season may be unavoidable, but it doesn’t have to be an obstacle for vacation rental property managers. Make sure you do everything right by following these tax reporting tips from the team at Ximplifi, experts in accounting for vacation rental property managers: What Not to Report…

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Making Owner Statements a Breeze for Vacation Rentals With Sage Intacct

In Depth Owner Statements for Vacation Rentals With Sage Intacct

In Depth and Valuable Owner Statements for Vacation Rentals With Sage Intacct For vacation rental property managers, one responsibility matters more than all the others: preparing monthly owner statements. No matter how well a property manager performs in other respects, they can’t expect to keep clients without delivering accurate owner’s statements and timely owner payouts.…

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Do Your VRM Apps Integrate? Don’t Overlook This Key Capability

Do Your VRM Apps Integrate?

Do Your VRM Apps Integrate? Don’t Overlook This Key Capability When your vacation rental management business goes searching for the right piece of software, you consider lots of criteria: the features and functions, the interface, and the cost are usually the top priorities. But that list also needs to include whether the app integrates with…

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What to Look for in an Outsourced Accounting Firm for your VRM Business

What to Look for in an Outsourced Accounting Firm Here’s a common misconception about outsourcing: Any firm you choose must be better than what you already have. People assume that once they’ve selected an outsourcing firm, their problems are solved. But some firms are better than others. And while the option you choose may improve…

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Budgeting & Planning for VRMs with Sage Intacct

Budgeting & Planning for VRMs with Sage Intacct

Budgeting & Planning for VRMs: Getting it Right Every Time With the vacation rental industry projected to reach a $113 billion valuation by 2027, it looks like a great time to be a vacation rental manager. But any high-growth industry attracts competition and encourages consolidation. That is to say, success isn’t guaranteed even as billions…

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The Power of Best-in-Class for VRMs

The Power of Best-in-Class

Historically the belief has been if you want good trust accounting and owner statements you have to choose a property management system (“PMS”) with built-in trust accounting.  The problem is those systems are often hard to use, are not tried and true accounting systems, not very flexible and don’t provide much in automation functionality or…

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How to Automate Vacation Rental Accounting

How to Automate Your Vacation Rental Accounting

How to Automate Vacation Rental Accounting How much time do you spend each week on vacation rental accounting? If you’re like most firms, the answer is too much. Critical as accounting may be, it consists of tedious, time-consuming, error-prone processes that take hours to complete. And then the cycle starts all over again. Making matters…

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