Posts by Jesse Ehret
Ximplifi Announces Exciting Investment from SpotX co-founders Mike Shehan and Steven Swoboda
Wichita, KS March 21, 2022 — Today Ximplifi, a technology enabled accounting & consulting firm offering world-class accounting services & technology solutions to short-term rental managers, is excited to announce they have closed on a minority investment in their company. The funding from Mike Shehan and Steven Swoboda provides growth capital to support Ximplifi’s growing…
Read MoreHostaway and Ximplifi partner to enable accounting automation
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…
Read MoreOutsourcing vs. Upgrading: Two Options for Vacation Rental 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…
Read MoreTax Reporting Tips for Vacation Rental Property Managers
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…
Read MoreMaking Owner Statements a Breeze 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.…
Read MoreDo Your VRM Apps Integrate? Don’t Overlook This Key Capability
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…
Read MoreBudgeting & 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…
Read MoreThe Power of Best-in-Class for VRMs
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…
Read MoreHow to Automate 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…
Read MoreBest Practices for Month-End Close in Vacation Rental Management
Best Practices for Month-End Close in Vacation Rental Management The month-end close puts extra strain on vacation rental management businesses. They’re not just accountable to themselves; they send month-end reports to property owners who will expect to see positive numbers presented on time. The month-end close consumes a lot of resources and inspires a certain…
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