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Grow Your Vision
These 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
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Guest Payment Management: Handling guest payments, including processing bookings, managing rental rates, and invoicing guests.
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Expense Tracking: Monitoring and tracking all expenses related to property management, including maintenance, repairs, and utilities.
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Vendor Payments: Managing payments to vendors such as cleaners, maintenance personnel, and property managers.
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Trust Accounting Compliance: Adhering to trust accounting standards and regulations to ensure proper handling and transparency of funds.
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Audit Support: Providing support during financial audits to ensure accurate and transparent accounting practices.
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Client Communication: Maintaining clear and open communication with property owners regarding financial matters and any pertinent updates.
Business Account Bookkeeping
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Management of STR Specific Chart of Accounts
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Bank Reconciliation: Reconciling bank statements with recorded transactions to ensure accuracy and identify any discrepancies.
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Accounts Payable: Managing payments to vendors and service providers.
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Accounts Receivable: Raising and Tracking invoices, payment processing, and following up on outstanding balances.
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Tax Preparation: Compiling necessary financial information and documents for tax reporting purposes, including BAS, PAYG, income tax, and any other applicable taxes to be compled by accountant.
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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
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Comply with Payroll Management including PAYG, Tax, Leave, Allowances, Payslips, Terminations & Quarterly Superannuation Entitlements.
Set Up Consultation
By offering these consulting services, we aim to empower property managers with the knowledge, tools, and strategies needed to effectively manage their finances, optimize profitability, and achieve their financial goals.
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Software Setup 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.
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Compliance Assistance: Ensuring compliance with relevant accounting standards, tax regulations, and legal requirements applicable to short-term rental properties.
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Documentation and Record Keeping: Maintaining organized records and documentation of financial transactions, invoices, receipts, and rental agreements for audit and reference purposes.
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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.
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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.