Vacation Rental Management Archives - Page 4 of 4

Trust Accounting for Vacation Rental Managers

One Bank Account or Two? There really is not much of an option here. Two bank accounts (at least) are needed to appropriately administer trust accounting. One of the most basic requirements of trust accounting as required by law, is that there be no commingling of company funds and property owner funds. While trust accounting…

Essential Ximplifying Applications

As a company begins to build its accounting systems and processes in the cloud, it may become overwhelmed by the number of apps or not know which cloud-based accounting software to begin with. My review below is certainly not all-encompassing, but it reviews and compares several of the most essential apps necessary to become lean, mean, and Ximplified.

Becoming Ximplified – Steps to Smoother Accounting

Time and Talent. The two T’s we always need more of. Time: stakeholders expect reporting faster than ever. Talent: there is an ever-growing shortage of top rate talent with unemployment rates for accountants hovering below 2%. Luckily, integrated accounting and finance tools, once only available with multi-million-dollar implementations and hours of IT designing and coding, are available at minimal costs.