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Master Short-Term Rental Bookkeeping

A Comprehensive QuickBooks Guide For Streamlining Your Bookkeeping Processes And Maximizing Profitability

Vacation Rental Bookkeeping using QuickBooks

Get your hands on Gita Faust’s complete instructions for managing vacation rentals using QuickBooks Software!

Do Any Of These Sounds Like You?

01

As a real estate investor who manages vacation rentals, you likely spend over 40 hours a week managing properties and keeping track of all your bookkeeping, but your bottom line is always in the red.

02

You are a vacation property manager who works 10+ hours a day promoting your business AND managing your money, owners, and guests, but you still only get paid a flat fee for all the time you spend at your office.

03

You are a QuickBooks bookkeeper or consultant, CPA, or Accountant who works over 50 hours researching and testing how to use QuickBooks for your vacation rental clients, yet you only get paid for the time you work on clients’ files.

If you are nodding your head to any of the above scenarios, I am here to tell you that there is a better and smarter way to learn.

I am offering you a way to make the best use of your time and reduce your frustration. There are specific steps you can take to use, enter, and view your data to attract more clients with less time and little or no budget. It’s an easy, simple, and the MOST PROFITABLE way to learn how to use QuickBooks effectively for vacation rentals.

Here’s My Personal Story…

Years ago, when I began to teach QuickBooks, I was nervous; however, my clients gave me a vote of confidence. Everyone I worked with encouraged me to share my system and workflow with their friends and competitors. Since then, I have spent countless hours perfecting my program for management and accounting, and in that time I created a step-by-step system for each segment of the real estate industry.

As an Accountant and Advanced QuickBooks Certified ProAdvisor who has been in the business for 20 years, I kept finding better and better ways to help my real estate clients eliminate errors and produce accurate reports that could be used on a day-to-day basis.

And that is what I love the most about my business!

01

Do you utilize online reservation software that is weak in managing the financial side of property management, including work order management, maintenance, and repair costs tracking, commission payments, owner revenue statement generation, and integration into QuickBooks?
I will teach you short-term rentals bookkeeping. I will show you how to implement processes where you will only enter only for once in one software, and capture the transactions in reports with a click.

02

Have you used QuickBooks for the past few years only to capture all of your banking and credit card transactions, categorize them for tax purposes, and pass them along to your accountant for tax prep?

That is what many people do, but none of them are using QuickBooks to its full Potentials. You can use QuickBooks to create a “set of books” to which you can refer back for important information and reports!

My Goal Is To Teach You

  • Take the mystery out of QuickBooks
  • Know which accounts to use and why
  • Create counter-intuitive ideas that work
  • Learn to use practical, effective shortcuts
  • Follow a crystal clear map
  • Create over 100+ crucial
  • Customize your reports
  • Learn the right procedures
  • Put in place the systems you need
  • Learn to recognize revenue
  • Avoid mistakes on tax returns
  • Take control of your business
  • Save money on bookkeeping
  • Save time with our system

You’ll Learn How To

  • Support unit rates
  • Track guest deposits
  • Collect deposits
  • View guest balances
  • Track guest check-in and check-out dates
  • Travel agent commission
  • Track work orders
  • Create property owner statements
  • List Chart of Accounts
  • Enter credit card charges
  • Track cleaning crew
  • Pay lodging taxes
  • Enter & pay vendor bills
  • Reconcile trust accounts
  • Manage operating account
  • Easily create 1099’s
  • And more…

The DIY Book Covers The Following Topics

01

File Setup

QuickBooks file setup includes customized setup, Chart of Accounts, items lists, and more.

02

Booking Sites

Enter reservations from booking sites and memorize for future reservations.

03

Revenue Management

Recognize each reservation’s revenue by check-in or check-out dates.

04

Step-by-Step Instructions

Learn the ins and outs of a practical system you can use every day to help smoothen your workflow.

05

Bonus

Plan with our unique strategy that takes a day-to-day procedure and applies it to satisfy your specific needs.

06

Trust Accounting

The capability of providing trust management and accounting is limitless.

07

Sales and Lodging Tax

Learn to apply, collect and record taxes for each property to state, county and/or city sales tax.

08

Reports

Use over 100+ reports and analyze your business to avoid errors from general ledger to trial balance.

09

Videos

Implement the system quickly and easily by viewing the videos we have created for your convience.

Here’s What You’ll Get

Every Day, People are Making Money by managing vacation rentals, taking reservations online, and using QuickBooks. Why Not You? It’s Time to learn and MAKE your business profitable. Let QuickBooks Addict and mentor, Gita Faust, share her secrets on how you can create and use QuickBooks to produce meaningful reports.

Guide

Video

Checklists

Forms

Worksheets

What Is The Difference Between Owners And Managers?

Vacation Rentals for Investors, Landlord and Owners

  • For landlords who manage their own properties
  • Record the purchase and sale of a property
  • Track reimbursements
  • Record personal investments and loans
  • Enter hard money loans
  • Enter soft money loans
  • Track construction loans
  • Save taxes with cost segregation
  • Allocate overhead expenses to property
  • Allocate profit sharing

Vacation Rentals for Property Management Company

  • For managers who manage landlords’ properties
  • Calculate management fees
  • Write owner’s checks
  • Owner’s statement summary
  • Owner’s statement detail
  • Manage travel agents
  • Include markups
  • Vendor deposits
  • Reserve funds
  • Create owner’s 1099

Short-Term Rental QuickBooks Courses

For QuickBooks Online and Desktop: Pro, Premier, and Enterprise

Vacation Rental By Investors, Owners, And Landlords

A landlord is typically an individual or entity that owns and rents out a property to guests directly. They are responsible for managing the property, collecting rent, and maintaining the property. They may handle all aspects of the rental property themselves or hire professionals like maintenance workers or cleaners as needed.

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Vacation Rental Management Accounting

A property management company is a business that specializes in managing properties on behalf of landlords or property owners. They typically handle a wide range of tasks such as marketing the property, screening tenants, collecting rent, managing maintenance and repairs, and handling any legal or financial issues related to the property.

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What Our Clients Think

I want to let you know that I received a lot of value from the materials I purchased!! Your team is very kind and courteous!

Janet Flink

CEO

You are brilliant. I wasn’t reading your emails because of time, thinking I already knew what you were writing about, etc. But when you offered to take away your emails I found myself wanting them – No! You won’t take my emails, even if I am not reading them. (: The mind can be so funny. But good on you, since I plan to read your next email to see if it is valuable for me.

Scott McGregor

I purchased a book by Gita Faust entitled “For the Landlord Whose Properties Are Managed by a Property Management Company.” By following the instructions in Gita’s book I am now able to quickly and accurately account for rental income and expenses. In addition, I have called Gita on several occasions to ask her questions about accounting for rental properties in QuickBooks. In each case, Gita Faust answered all of my questions to my satisfaction.

J.T.

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