OUR SERVICES
Our services are designed to streamline the financial management of short-term rental properties, allowing property managers to focus on providing exceptional guest experiences while ensuring their finances are handled with professionalism and accuracy.
Complete Trust Account Management
Guest Payment Management: Handling guest payments, including reconciling bookings, advising on anomalies if funds not received or double payments, and recalculations of refunds are processed.
Expense Tracking: Monitoring and tracking all expenses related to managed properties, including maintenance, repairs, and utilities.
Vendor Payments: Managing payments to vendors such as cleaners, maintenance personnel, and property managers.
Trust Accounting Compliance: Adhering to trust accounting standards and regulations to ensure proper handling and transparency of funds.
Audit Support: Providing support during financial audits to ensure accurate and transparent accounting practices.
Client Communication: Maintaining clear and open communication with property owners regarding financial matters and any pertinent updates.
Business Account Bookkeeping
Management of STR Specific Chart of Accounts
Bank Reconciliation: Reconciling bank statements with recorded transactions to ensure accuracy and identify any discrepancies.
Accounts Receivable: Raising and tracking invoices, payment processing, and following up on outstanding balances.
Tax Preparation: Compiling necessary financial information and documents for reporting purposes, getting the software file ready for the accountant to lodge BAS, PAYG, income tax, and any other applicable taxes necessary.
Financial Reporting: Generating regular financial reports, such as profit and loss statements, balance sheets, and cash flow statements, to provide insights into the financial performance.
Client Communication: Maintaining clear and open communication with property owners regarding financial matters and any pertinent updates.
Comply with Payroll Management: Including PAYG, Tax, Leave, Allowances, Payslips, Terminations & Quarterly Superannuation Entitlements.
Consultation
Software Set-Up and Integration: Setting up and integrating accounting software tailored to the needs of short-term rental businesses, such as property management systems or specialized bookkeeping software.
Compliance Assistance: Ensuring compliance with relevant accounting standards, tax regulations, and legal requirements applicable to short-term rental properties.
Documentation and Record Keeping: Maintaining organized records and documentation of financial transactions, invoices, receipts, and rental agreements for audit and reference purposes.
Training and Education: Providing training and educational resources to property owners and their teams on accounting principles, financial management best practices, and relevant industry trends.
Ongoing Support and Advisory Services: : Offering ongoing support and advisory services to address evolving financial needs, answer questions, and provide guidance on financial decisions impacting short-term rental properties.