Cloud Technology
Impact 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 MoreWhat 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…
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 More3 Ways That Property Managers Compare Sage Intacct to NetSuite
In this article, we’ve collected customer reviews and ratings from G2.com to compare Sage Intacct and Oracle NetSuite on three important features that property managers need out of their financial software. We trust these ratings because G2 is an independent company with over 1.7 million software product reviews. They are not paid for or sponsored…
Read More7 Keys to Selecting Financial Software for Property Management
Introduction When researching robust financial software and ERP solutions for property management companies, two solutions often come to the top of the list: Sage Intacct and Oracle NetSuite. Both provide an array of core accounting capabilities, serve customers globally, and can perform advanced reporting functions, but there are a few key differences that property managers…
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 […]
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