Accounting Services

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.

Is Ximplifi an accounting system?

Do you serve property managers outside the U.S.?

How many properties do I need to use your services?

Can you do accounting for my other business entities?

Do you offer historical QuickBooks clean-up?

Do you offer volume-based discounts?

What if I manage properties that I own?

What property management systems do you support?

Will Ximplifi work with my CPA?

Add-On Services

How much do add-on services cost?

Pricing for add-on services like bill pay, lodging tax reporting, and CFO advisory is based on your specific needs and scope. To learn more, please speak with sales for a custom quote.

Is VRConsult a separate fee?

Do I have to use a bill pay software to receive Ximplifi’s services?

Do I have to use a payroll software to receive Ximplifi’s services?

Do I need to be an accounting services client to receive CFO Advisory?

Does Ximplifi help with the M&A due diligence process?

Does Ximplifi work with Avalara MyLodgeTax?

Is a QuickBooks subscription included in Ximplifi’s pricing?

What is the frequency of virtual coaching calls?

What types of financial reporting does Ximplifi provide?

General Accounting Questions

Is trust accounting required for property managers?

While legal requirements for trust accounting vary by state, following trust accounting best practices is the best way to prevent commingling of funds and maintain transparent financial reporting with owners.

Which QuickBooks subscription do I need?

What’s the difference between a 1099-MISC and 1099-NEC?

What payroll system is best for vacation rental managers?

What bill pay system is best for vacation rental managers?

Is VRPlatform an accounting system?

Is there a minimum number of properties to use VRPlatform?

Accounting Services FAQ | Ximplifi