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Solve the Trust Accounting Problem
What’s Included?
Revenue Recognition
Record reservation line items and advance deposits in accordance with accrual accounting methods
Trust Reconciliations
Account for every dollar in the trust account by reservation, owner, property, and channel
Reimbursable Expenses
Track and report expenses billable to owners, such as property maintenance, housekeeping, and other pass-through fees
Management Commissions & Fees
Ensure you’re collecting the right amounts and prevent revenue leakage
Owner Statements
Prepare & deliver CPA-approved owner statements that are on time, every time
Occupancy Tax Reporting
Simplify lodging and occupancy tax compliance with a monthly report summarizing revenue by listing and channel
Accounting Solutions Trusted by Property Managers
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Years Combined Experience
Trust Accounting Made Simple
WHY XIMPLIFI?
Stress-Free Vacation Rental Trust Accounting
As a team of CPAs and accountants who specialize in serving the vacation rental industry, we have perfected our processes to eliminate trust accounting headaches.
Leverage Industry Wisdom
Skip the learning curve and avoid common pitfalls of short-term rental trust accounting. Leverage our team’s experience to make informed decisions, implement proven solutions, and set your business up for success.
Scale with Efficiency
As your portfolio expands, so does the trust accounting workload. Ximplifi’s team has experience supporting clients with complex financial requirements, so you can grow cost-effectively at your own pace.
Spend Your Time Wisely
Your time is your most valuable asset. Free up more hours in the day to focus on serving owners and guests by hiring our team of trust accounting experts to manage your books.
FEATURED CASE STUDY
My Destin Beach Vacation
Ximplifi helped My Destin Beach Vacation, a Florida-based vacation rental management firm, eliminate trust accounting headaches by reducing the time spent on accounting from weeks to one day.
“We tried using an accountant who had never worked with short-term rentals before, and it was a disaster. It was so much easier to go to someone that actually does this for a living, and that was Ximplifi.”
FAQS
You have Questions. We have Answers
Is trust accounting required for property managers?
While legal requirements for trust accounting vary by state, following trust accounting best practices is the best way to prevent commingling of funds and maintain transparent financial reporting with owners.
