Posts Tagged ‘Accounting’
Accounting Best Practices for Property Managers
Accounting for property managers: What are the best practices to follow and how can Ximplifi help? Read the episode transcription below to learn what Jesse Ehret, CPA and CEO of Ximplifi, recommends for property managers hoping to gain a better understanding of their company financials. Content has been lightly edited for brevity and clarity Would…
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 More7 Financial Housekeeping Tips for Vacation Rental Managers
Imagine your business is one of your rental properties. No matter how much curb appeal it has, if the interior is a mess, it’s not going to live up to its potential. The same logic applies when it comes to your property management company. Even before going public, many successful companies depend on clean financials…
Read MoreHow To Use Accounting Software with A Property Management System
Vacation rental management is an attractive venture, but it also comes with specific financial duties and obligations. For example, property managers have a duty to keep owner funds secure and accurate by preventing commingling. Commingling funds means to mix expenses or income inappropriately, and it must be avoided by keeping business funds and owner funds…
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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