An accounting method in Xero for property managers handling Airbnb listings without a trust account. All funds are collected directly from Airbnb and recorded as income by the property management company, with the owner’s share paid out as a direct cost.
This guide explains property management accounting in QuickBooks for Airbnb listings – without using a trust account. You’ll learn how to set up a streamlined chart of accounts, automate Airbnb revenue processing with Tallybreeze, handle owner payouts, manage taxes, and generate monthly reports. If your jurisdiction doesn’t require trust accounting, this simplified method provides an efficient and transparent way to run your property management accounting.
This guide walks Property Managers through the exact steps needed to manage Trust Accounting for Airbnb in QuickBooks. You’ll learn how to set up a proper chart of accounts, perform three-way trust reconciliation, automate reservation accounting with Tallybreeze, and execute common workflows such as owner payouts, commissions, tax remittances, and expense handling. If you use a trust account to manage owner funds, this guide provides the structure and clarity you need for accurate, compliant, and scalable Airbnb accounting.