Airbnb refunds can be easy to miss and even easier to misrecord. This guide explains how to sync and reconcile Airbnb refunds in QuickBooks, avoid common accounting errors, and automate accurate refund tracking using Tallybreeze.
Occupancy taxes are one of the most commonly misrecorded parts of Airbnb accounting. This guide explains how to account for Airbnb occupancy taxes in QuickBooks Online, compare self-remittance versus Airbnb remittance, and automate accurate tax tracking with Tallybreeze.
This guide walks you through how to import historical Airbnb, Vrbo, and Guesty transactions into QuickBooks using Tallybreeze, ensuring accurate records, clean categorization, and automated syncing for future reservations.
This guide is a comprehensive method of accounting for those who need to follow thorough accounting guidelines due to state or local requirements around trust accounts. The trust account itself is delegated by a bank or financial institution for (usually) licensed property managers or real estate brokers to collect funds on behalf of property owners.
Rental Arbitrage is a business model where an operator rents a property from an owner on a master lease and subleases said property to guests on Airbnb, Vrbo or their own Guesty direct booking website. This business model thrives in markets where vacation rental short-term income potential is higher than local long-term rental prices.
A vacation rental investment property is a business model in which an operator purchases a property and lists it on platforms such as Airbnb, VRBO or their own direct-booking website, with the goal of building equity more quickly than with a traditional long-term rental. This model is especially effective in markets where short-term rental income potential significantly exceeds local long-term rental rates.
How to account for vacation rental costs for owners and operators across various business models. We’ve compiled a list of the most common expenses involved in running a vacation rental business. Included is a sample chart of accounts that you can use to set up QuickBooks for your vacation rental operation.