A full accounting solution that frees you up, and your accountants too
Smart, simple, intuitive accounting on one easy platform.
Reduce repetitive, manual accounting
Eliminate bookkeeping errors. Set up automated journal entries and reports according to your unique contracts with your owners and partners.
Save time and resources
Avoid the extra cost of hiring a full time accounting team and utilize your time to focus on your business.
Gain peace of mind
Set up owner statements once and bulk share with your owners using a single click of a button.
Elevate your relationships with your owners
Build trust with your owners and improve your company’s reputation by providing Owner Statements on demand.
Financial accuracy
Zero discrepancies between your ledgers and statements.
Keep track of your expenses
Safely rely on our Trust Accounting-Compatible System to allocate your funds accurately according to your unique business needs.
Industry leading features
Automated journal entries:
Automatically create journal entries for every transaction made in your day-to-day operations to track and generate any type of report.
Owner statements:
Generate statements for each property owner as often as you need, to provide your owners with complete visibility into their cash flow, income, and expenses.
Business model:
Define your business model agreement with your property owner and see it automatically reflected in your journal entries and related listings.
Trust accounting-compatible:
Our fully trust accounting-compatible system ensures funds are all accounted for and traceable.
Granular reporting:
Create customizable reporting for accurate bank reconciliation and complete visibility of payments collected and paid. You can also easily export data from Guesty into your accounting software to create accurate financial reports.
Recurring charges:
Define recurring owner charges and expenses that will automatically appear in your journal entries.
FAQs about our Accounting
What operational Accounting software do vacation rental property managers use?
Notable accounting software solutions on the market include Quickbooks, Xero and Sage – Guesty syncs with all of these and more.
Which Guesty accounting features make managing your books simple?
Having an automated, pre-configured system with reporting functionalities such as producing owner statements will ensure you are keeping the books balanced. Additionally, the ability to sync the financial recordings for guest and owner-related transactions from the PMS with the company’s managerial and operational financial information, as well as tracking accounts payable, are some of the features that make managing your short-term rental and vacation rental accounting a breeze with Guesty.
What are the pros of Guesty’s Accounting features compared to other accounting softwares?
Many accounting software solutions are missing trust accounting, an integral part of the accounting process for any property management company. Guesty is trust accounting-compatible, automated, and simple to use with.
Additionally, one of the most popular business models for property management companies is revshare – the managing of a property which belongs to an owner, in which the management company takes a cut of the earnings. This is one of the use cases not covered by traditional accounting softwares that Guesty does address.
See Guesty in Action
