Apps like Turno make it easy to ensure each stay is impeccable. Lastly, property care and maintenance apps allow you to manage the physical amenities of each property with cleaning, repair, inspection, and inventory services. ![]() Your property management system should be able to integrate with your channels and aggregate booking information from all these different sites. They include property listing sites like Airbnb, Vrbo,, and hundreds of others. ChannelsĬhannels are your customer touchpoints. These include services like Stripe, Braintree, and. These apps manage credit card transactions by processing online payments and delivering the funds to your financial institution. QuickBooks Online, Sage Intacct, and Xero are all examples of accounting solutions used by vacation rental managers. Using an Airbnb accounting tool allows you to pull in data that your PMS can’t, so you can track how much profit your business is actually generating once all the payments have been posted. This is the “brain” for all your business financial data. There are more than 250 different property management software apps available, but some of the ones we recommend are Guesty, Hostaway, Hostfully, and Track.Įach one offers its own mix of customization, functionality, and customer support. This is the software suite where all your property listings and reservations are centralized. If there is a breakdown in how these apps work together, you will end up with islands of data and holes in your workflows that now have to be done manually. If you go exploring the app market for vacation rental software, you will come across many different services, but there are a few in particular that you should be familiar with and understand the features included.Įach one of these technologies solves an important and time-consuming piece of the puzzle for vacation rental management. The Different Types of Vacation Rental Management Apps Vacation rental apps that integrate help create a single connected system, which is a critical first step to being able to automate accounting processes like posting and updating guest invoices, posting batch deposits, management commissions, and more. ![]() By providing a digital bridge between the PMS and accounting software, this tool automatically records transactions triggered by a reservation and directs funds to the right accounts. That said, even sophisticated apps can’t always integrate directly, but that’s where third-party integrations like VRPlatform can help. API integration is important because it allows data to sync automatically between two systems, thus eliminating the need for a person to manually export, record, and track each dataset. APIs, or application programming interfaces, provide the basis for how different apps talk to one another and share information. To keep track of all these different sources of financial reporting data, you need a way to bring it all into one place where the funds can then be sorted, reconciled, and redistributed to the proper accounts. At any touchpoint where you either receive or remit payment, you are capturing financial data that is relevant to you and possibly the government. What Do Your Apps Have to Do With Accounting?Īs a vacation rental manager, you will rely heavily on technology to list properties, book reservations, and maintain physical amenities.
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