Airbnb Bookkeeping & Accounting Made Simple for Hosts
Overview
Airbnb short term rentals can be a great way to earn profits from your properties.
However, keep a solid track of what you invest into the business and how much you take out to see in which direction you’re heading—profit or loss.
This is about calculating your income, expenses, tax deductions, financial projections, and every ‘finance’ thing. But do you want to be an account or a renter?
If you don’t want to be an accountant, DOSbnb can be—we take care of the booking and accounting. We record the cash flow and full accounting cycle.
Handle other hosting responsibilities, and let us handle the accounting and bookkeeping!
What Is Bookkeeping and Accounting?
Bookkeeping is all about recording financial transactions involved in the Airbnb business.
It includes recording transactions, tracking cleaning and supplies expenses, maintenance charges, incomes from bookings, and other financial activities.
Accounting involves analyzing, summarizing, and interpreting the financial data collected in the ‘bookkeeping’ phase.
It includes preparing profit/loss statements and balance sheets, assessing profitability and cash flow, identifying tax deductions, and much more.
Although bookkeeping and accounting are different, they are often used interchangeably. DOSbnb handles both bookkeeping and accounting in one package.
Smart Bookkeeping for Airbnb Hosts—Track, Manage, Grow
DOSbnb is a complete Airbnb co-host solution, and bookkeeping is a key part.
We simplify your Airbnb hosting with complete bookkeeping, tax preparation, and filing. Our expert team handles everything so you enjoy error-free outcomes.
This is what we can do for you to lower your stress:
Income Tracking
We record all rental income from your Airbnb listings. This includes gross earnings, cleaning fees, completed payouts, and any other charges guests pay. We record any refund issues to guests or adjustments made to bookings.
Expense Management
Running an Airbnb comes with operational costs like maintenance and repairs, cleaning fees, utilities, supplies, marketing, travel and transportation, and much more. We keep a detailed record of every expense to track spending.
Property Categorization
We categorize properties into classes for easy profitability analysis, expense monitoring, and clear financial statements. We organize income and expenses by categories, like ‘cleaning fees’ or ‘utilities’ to simplify tax filing process.
Tax Reporting
Tax season doesn’t have to be stressful. Our part? We identify and maximize deductible expenses, such as property taxes, mortgage interest, and depreciation. We calculate tax and prepare and file the necessary tax forms.
Legal Compliance
Every Airbnb host needs to follow tax laws. We help every host comply with local laws and regulations via accurate financial records. This reduces the risk of errors, audits, or penalties and ensures you pay only what you owe.
Advanced Software Tools
We use QuickBooks Online to accurately track income, expenses, and generate financial reports. And Airbnb’s host management tools to synchronize booking data with Quickbooks. The goal is to automate bookkeeping, reduce errors.
Monthly Financial Statements
We provide clear, easy-to-read financial statements every month. These include balance sheets, profit and loss reports, and expense breakdowns. Our reports help you understand how your Airbnb business is performing at a glance.
P&L and Financial Reports
Profit and Loss (P&L) reports and balance sheets show your expenses, income, and overall financial health. We also create custom financial reports based on your needs. These reports help you make better business decisions.
Revenue Forecasting
Future planning is key to running a successful Airbnb venture. So, we analyze your past income and expenses to predict future earnings and costs. You can plan ahead, set realistic financial goals, and avoid unexpected cash flow problems.
Your Airbnb, Our Expertise—A Transparent Process
Managing your Airbnb finances shouldn’t be stressful. DOSbnb handles your bookkeeping, tracks your earnings, and provides clear financial reports—all in one place.
We take the time to understand your Airbnb business, answer your questions, and help you connect your accounts. From day one, we try our best to run everything smoothly.
Every month, we track income and expenses, organize your transactions, and prepare financial reports. If we need anything from you, we’ll ask you right away.
We break down your revenue, expenses, and profits for up-to-date financials. Whether you have one property or many, we help you stay on top of your numbers with ease.
Stay Ahead with Smart, Tech-Powered Bookkeeping
Do you have multiple listings? It would be difficult to track financial transactions.
DOSbnb records all your Airbnb booking revenue, breaking down each transaction to show nightly rates, cleaning fees, and service charges. We also oversee gross revenue, expenses, profits, and other financial terms.
We try our best to automate the whole bookkeeping process with these technologies:
QuickBooks Online
We use QuickBooks Online to manage all income, invoices, and expenses in one place. It helps us track cash flow, create reports, and set budgets.
QuickBooks Native Integrations
We connect your Property Management System (PMS) directly to QuickBooks for automatic updates. If direct integration isn’t available, we use tools like Bnbtally to make it work.
QuickBooks Reporting
We generate detailed reports using QuickBooks to give you real-time insights into earnings, expenses, and overall performance.
Expensify
We use Expensify to track expenses automatically. It organizes receipts and categorizes transactions to make record-keeping simple and accurate.
Bill.com
We use Bill.com to automate vendor payments. This ensures bills are paid on time, improves cash flow, and reduces paperwork.
Property Performance Tracking
We categorize income and expenses for each property. This makes it easy to monitor performance, whether you manage one rental or multiple listings.
Bookkeeping for Every Host—Smart, Affordable, Precise
Do you want to discuss any problem you’re facing with bookkeeping and/or accounting? Do you want someone to be on your side for help? Have a 30-minute meeting with our team and discuss everything. We’re waiting for your call.
Frequently Asked Questions
We operate on a per-listing or per-property pricing model. This means our prices vary depending on your requirements. Contact us at 888-449-8450 to get an estimate.
Yes, we assist with both bookkeeping and tax submissions. Our team ensures that all deductible expenses are accounted for and helps prepare your tax returns accurately.
Airbnb hosts can deduct several expenses directly related to their rental activity, including:
- Mortgage interest or rent
- Utilities (electricity, gas, water, internet)
- Insurance premiums
- Property taxes
- Homeowner’s association fees
- Furnishing costs
- Advertising and marketing expenses
- Professional cleaning fees
- Airbnb service fees
- Maintenance and repair costs
Yes, we provide customized financial planning and forecasting services to help Airbnb hosts maximize their profitability and plan for future earnings.
Yes, We deliver detailed monthly financial statements, including balance sheets, profit and loss reports, and expense breakdowns. You can easily monitor your property’s financial performance.