Airbnb Bookkeeping
Overview
Accurate accounting for Airbnb properties is crucial for informed decision-making and cash flow management. Whether you own properties or engage in rental arbitrage, our Airbnb Bookkeeping service handles the full accounting cycle. We also provide owner statements to help maintain transperent relationship with property owners for property management companies, ensuring meticulous financial management for all aspects of your business.
Our services include setting up Quickbooks Online or another Airbnb Accounting software, organizing chart of accounts, connecting Airbnb and other OTAs & PMS with accounting software. We then ensure proper categorization is done and all expenses are recorded.
Features of Our Airbnb Bookkeeping Service
Airbnb Accounting Software
Accurate reporting hinges on proper system configuration and data categorization. That's why we prefer QuickBooks Online subscription (preferred but not required), setting the foundation for precise financial management and reporting.
Airbnb Chart of Accounts
We implement standardized charts of accounts for your Airbnb Properties that are widely used in the short-term rental industry. These are customized to meet your specific business requirements, ensuring accurate financial tracking and reporting.
Analysis of Books
We conduct a thorough analysis of your general ledger and other financial reports. This allows us to identify any discrepancies and recommend adjustments if necessary, ensuring your financial records are accurate and up-to-date.
Airbnb/VRBO Connectivity with Bnbtally
We automate Airbnb/VRBO connectivity with QuickBooks to ensure accuracy and efficiency. In addition to syncing with your property management system (PMS), we utilize Excel imports as needed, for quick turnaround and reliable reporting.
Classification of Accounts
In short-term rental accounting, categorizing properties into classes facilitates analyzing profitability, monitoring expenses, and making informed financial decisions tailored to each property's specific needs and performance metrics.
Expenses & Vendor Payments
We meticulously record all bills and payments into QuickBooks, ensuring original invoices are accurately logged. Our software efficiently manages expenses and vendor payments, ensuring secure and streamlined financial transactions.
Monthly Owner Statements for Rental Properties
We prioritize timely preparation of owner statements to ensure prompt payouts for homeowners. Our reports provide comprehensive information on reservations and associated expenses, ensuring transparency and accuracy.
P&L and Financial Reports
Easily review and export Profit and Loss statements, Balance Sheets, and other Financial Reports through our services. We also accommodate custom report requests tailored to your specific business needs, providing financial oversight and analysis.
Budgeting and Forecasting
Financials are most valuable when they offer meaningful forecasts. Alongside our revenue management services, we assist in forecasting revenue and expenses, leveraging historical data analysis to provide insightful projections for informed decision-making.
Get a Free Consultation or a Quote
DOSbnb caters to businesses of all sizes. We invite you to either submit a quote request with your business details or schedule a free 30-minute consultation with our CEO, Moonis, to learn about our business processes and discover how DOSbnb can benefit your organization!
DOSbnb has helped numerous entrepreneurs, startups, and businesses expand into full-scale operations. In just 1.5 years, we’ve quickly gained traction and now manage over one hundred properties across the US and Europe. Connect with us today to leverage the power of DOSbnb and grow your business!
Technology For Airbnb Bookkeeping Service
With revenue and multiple bookings kicking in, it gets quiet overwhelming to keep a check on the financial operations. Dos Bnb’s airbnb bookkeeping service provides you with detailed tracking of all booking revenue, breaking down each transaction to show nightly rates, cleaning fees, and service charges. This ensures you always have a clear view of how much you’re earning from each stay, helping you make data-informed decisions on pricing. Losing the track of all your financial records can have drastic consequences such as imbalance in budget management.
Dosbnb tracks revenue, generating automated income and expense reports from time to time.
QuickBooks Online
QuickBooks Online streamlines our financial management by organizing income, expenses, and invoices in one easy-to-access platform. It allows us to track cash flow, generate reports, and manage budgets, making bookkeeping simple and transparent for both us and our clients.
QuickBooks Native Integrations
We connect your Property Management System (PMS) directly with QuickBooks, enabling automated data entry that keeps finances up-to-date seamlessly. When direct integration isn’t available, we utilize tools like Bnbtally to bridge the gap.
QuickBooks Reporting
We use QuickBooks' online portal to analyze detailed financial reports, providing property owners with clear, up-to-date insights on earnings, expenses, and overall performance. This allows us to maintain accuracy in financial tracking and offer owners easy access to customized reports.
Expensify
We use Expensify to streamline expense tracking, automatically organizing receipts and categorizing transactions, ensuring accurate and efficient financial record-keeping for our property management operations.
Bill.com
We use Bill.com to automate vendor payments, ensuring timely and organized processing of accounts payable, which enhances cash flow management and reduces administrative workload.
Property Performance Tracking
We categorize income and expenses by property, making it easy to monitor the performance of each unit individually or as a combined portfolio.
AIRBNB Airbnb Bookkeeping SERVICE FEE THAT MAKES SENS
We keep it simple with a fixed monthly fee, so you can relax while we handle everything. From managing your listings and keeping descriptions fresh, to ensuring smooth check-ins and constant communication with guests — we’ve got it covered. And with our expert strategies, your property stays almost fully booked, maximizing your rental revenue!
The best part? We don’t take a slice of your income, which means more cash in your pocket and fewer overhead headaches for you. It’s all gain, no pain!
Full-suite solution
Our mission is simple: to take the hassle out of property management with a tailored service that fits your unique needs. Whether it’s a full-service package or just the specific help you need, we’ve got you covered at every step of your short-term rental journey.
Not ready for the full suite? No worries — our à la carte model lets you pick and choose exactly what you need.
Reach out today to get pricing on revenue management, Airbnb property management, and all the other services we offer!
How much can your property make?
Get started with a free revenue projection.
Consult with us Today!
Airbnb Bookkeeping
Competitive Benefits
Our fee includes:
- Experienced Team and POCs
- Assistance with System Configuration
- Providing a Hassle Free Solution
- No Micromanagement needed
- Monthly Contract
- No Startup Cost to Onboard your Property
- Maximum exposure with multiple platforms
- 24/7 Support and Security Monitoring
- Certified Cleaning and Maintenance Vendors
- Insurance and Damage Protection
- Regular Property Inspections
- Integration of Latest Tech Solutions
- Exceptional Experience
- App and Call based Support
- 24/7/365 Support
- Helping them when they need it
- Clean Stay with Safety for guests
- Less than 5 Minutes Response time
Frequently Asked Questions
At DOSbnb, we offer comprehensive bookkeeping for Airbnb hosts, including:
- Setting up QuickBooks Online Software
- Integrating OTAs, PMS and Banks with QBO
- Configuring vendors with Bill.com for vendor payment management
- Maintaining all accounts according to International Accounting Standards
- Preparing Owner Statements every month on the due date
- Internal Verification of the Cleaning and Vendor Payments
- Sending Payments for approval
- Handling tax Submission
We offer a free property analysis to estimate potential earnings and assess whether a property is a good investment for short-term rentals. Submit our “How much can your property make?” form above to receive a free estimate.
You will have full access to the Property Management System (PMS) and all other systems where you can view reservations, messages, and financial reports.
If you already have a configured PMS, we can seamlessly integrate and utilize it as well.
We operate on a per-listing or per-property model, saving you a significant percentage of your rental income while supporting your growth. Call us at 888-449-8450 for an estimate.
Our properties usually make 2x-3x of the revenue that you will get on the Long Term Rental Lease.
We offer a month-to-month contract with standard clauses. We do not require a longer binding agreement because we believe our services deliver substantial value.
Each city has their own regulations for STR and we can help you obtain those permits.
Yes, we help with bookkeeping and tax submissions
We are flexible according to your preferences however, we have found that allowing pets with some pre-screening and right measures in place help improve business revenue.
It usually takes about 1-2 weeks to setup everything for your property and get it ready for the Short Term Rental Space. Our onboarding team will work closely with you to get everything ready.
Yes, we can use your existing listings or assist in creating new ones. We will utilize your host account and be added as co-hosts to manage the property effectively.
We will provide you calendar access to enable owner stays and direct bookings. However, we have a 24/7 Support for our clients available and can help you with reserving your home for yourself or the family over the phone or text message.
Each client at DOSbnb is assigned a dedicated client success manager to ensure project success. Our Client Success team is available 24/7 for communication and responds promptly. In addition, we arrange regular meetings—weekly, bi-weekly, or monthly—with Project Managers to ensure your satisfaction.
We offer a hassle-free service, meaning you don’t have to be involved most of the time. However, we value your input in certain cases, such as refunds or discounts, as well as in instances of unusual issues or concerns that could impact your business operations.
This is a really important question to ask because the amenities you provide really define if you want to earn average rental money or want to attract guests who are looking for an exquisite place. We provide a list of standard amenities and our experienced team can help with what you exactly need.
If you have an existing preferred vendor, we can work with them or we have our contractors that we can use.
We can collaborate with your existing cleaning teams or vendors. If you’re not satisfied, we can assist in onboarding a new team. We coordinate closely with them to ensure the property is clean and ready for new guests. Similarly, for maintenance, we promptly address and resolve issues. We establish a threshold amount for repairs, and for any amount exceeding this threshold, we seek your approval before proceeding with the repair.
Airbnb offers up to $1 million USD protection for your property in case of damages. Additionally, we can recommend specific short-term rental insurances that our clients use, which help protect against chargebacks and damages.
If you have a professional photographer, you can provide us the pictures or you can hire our services to get your property ready for the Short Term Rental marketplace. We highly discourage photos taken from a cell phone.
It depends on the condition of your property, usually 10-15 thousand dollars is a good investment to get your property ready.
If you are not satisfied with the service or have decided to move in a different direction, you can provide us with a one-month notice. This notice period allows us to manage future reservations and allocate our resources accordingly.