Automation
1099 Compliance for Short-Term Rental Managers
Key 1099 Compliance Tips for Property Managers Tax season is a notoriously stressful time for everyone, but for short-term rental managers, the challenges of 1099 compliance can make it even more frustrating. With the need to collect accurate W-9 forms, verify taxpayer information, and issue 1099 forms to both homeowners and vendors, the process can…
Read MoreImpact of Fixed vs. Variable Expenses on Vacation Rental Revenues
Here’s what you need to know to understand fixed and variable expenses in short-term rental revenue strategy: Fixed expenses are consistent costs like mortgage, insurance, and taxes, while variable expenses fluctuate with occupancy, such as cleaning fees and OTA charges Fixed expenses help set cost targets but variable expenses determine pricing decisions Dynamic pricing can…
Read MoreXimplifi, LLC. Becomes a Keeping Count Company with Recent Acquisition
Wichita, KS, US – Ximplifi, LLC., an accounting solutions provider specializing in vacation rental management, announced its acquisition by Keeping Count, a leading provider of outsourced accounting and bookkeeping services. The acquisition represents a strategic leap towards enhancing customer value, expanding service capabilities, and bringing more industry-focused solutions to market. Ximplifi founder and CEO, Jesse…
Read MoreVRPatform + OwnerRez Partner for VRM Accounting
We are excited to share that OwnerRez users are now eligible to receive ongoing VRAccounting services thanks to the newly developed integration partnership with VRPlatform! The new integration between VRPlatform and OwnerRez allows users to automatically sync reservations, fees, and payment data into QuickBooks Online for simplified trust accounting. Outsource with Ximplifi For…
Read MoreQuickBooks Automation? Hospitality Leaders Deserve Better.
Business-process automation reduces errors and improves accuracy. More accuracy helps cut costs and saves time. Business-process automation in QuickBooks is a struggle, according to former users of this bookkeeping tool. A single connected system that integrates easily with other cloud-based systems helps eliminate time-consuming manual processes and takes full advantage of the connectivity and digital […]
Read MoreHow a Single Source of Truth Benefits Hospitality Managers
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…
Read MoreOvercoming Financial Growing Pains in Vacation Rental Property Management
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 […]
Read MoreThe Struggle Connecting QuickBooks to Salesforce
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 […]
Read MoreRevenue Management 101 for Vacation Rentals
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…
Read MoreSimplify 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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