Successful short-term and vacation rental managers see a lot of cash going in and out of their businesses. While processing payments from a steady stream of guests, property managers must also allocate the correct funds to cleaning staff, OTAs, general maintenance and, of course, homeowners – just to name a few.
On top of all the other tasks involved in managing properties, from communicating with guests and coordinating with your personnel to adjusting your prices and promoting your listings, accounting can feel like a massive undertaking you simply don’t have time for.
A recent addition to Guesty’s rapidly growing Integrations Marketplace, BookingTrust is a sophisticated property management accounting softwarefor businesses in Australia and New Zealand (though the company also welcomes inquiries from businesses in the US, EU and UK). Developed specifically for short-term property managers,it’s got all the features you need and none of the ones you don’t!
All the Tools You Need
Speaking of features you need, BookingTrust has it covered. From holding deposits, processing cancellations and registering payments for all property-management specific costs, such as booking charges, linens, WiFi and extra beds and cots.
With so many different parties getting a share of the pie, in can be difficult to keep tabs on which pieces are yours. BookingTrust gives you a clear picture of what money is yours, at any given time.
BookingTrust provides the easiest and simplest method to process end-of-month disbursement and bank reconciliation reports as well as track all invoice and booking payments.
A service for every property manager, it is compliant with trust account regulations and flexible for businesses that do not require auditing.
The company also offers optional specialized property accounting services, so you can leave everything to them.
What Happens Next
Now that BookingTrust has partnered up with Guesty, you can hand over all your accounting tasks without having to input the numbers manually. Integrating BookingTrust with your Guesty dashboard means creating a portal through which the accounting software can automatically pull all relevant information without any action required on your part.
“Guesty is about getting money into your account. BookingTrust is about what happens next,” says BookingTrust Integration Manager Peter Robinson. “We take all the guesswork out of reconciling payments, managing fees and preparing disbursements to property owners, so you can focus on the rest of your business.”
We couldn’t have said it better ourselves. With streamlined guest communication, sophisticated channel management tools and time-saving automation, Guesty has helped clients boost their annual revenue by 150%. With the latest addition to our Integrations Marketplace, they’ve now got a simple way to process it all.
If you’re interested in learning more about property management and discovering the many ways Guesty's platform can help your business, we invite you to a free one-on-one session with one of our experts.