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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The Struggle Connecting QuickBooks to Salesforce

Salesforce & QuickBooks Blog

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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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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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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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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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

Automate VRM 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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