A document that outlines the charges for a short-term rental stay, including the nightly rate, cleaning fees, taxes, and any additional services. Provides a clear breakdown of costs for both hosts and guests.
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Glossary Term: Accounting
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Managing the financial aspects of a short-term rental business, including tracking income and expenses, setting pricing, and handling taxes.
Formal records of the financial activities of a business, including the income statement, balance sheet, and cash flow statement. These statements are crucial for understanding the financial health and profitability of a short-term rental business.
Digital tools designed to help short-term rental hosts and managers track income and expenses for accounting and tax purposes.
The process of dividing and assigning expenses related to a rental property between personal and business use for tax purposes.
Tools that help hosts monitor income and expenses related to their short-term rental business, facilitating financial management and tax reporting.
A financial professional who can provide valuable tax and accounting advice to short-term rental owners and managers.
The use of software or integrated platforms to automatically track income and expenses associated with short-term rentals, simplifying financial management.