A financial document provided by a property manager to the owner, outlining all income generated and expenses incurred for a specific period, typically monthly or quarterly.
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Glossary Term: Financial Reporting
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A system for monitoring rental income, expenses, and financial performance of the short-term rental business, often using spreadsheets or specialized software.
A popular property management software designed for short-term rental hosts and property managers. It offers features like channel management, booking automation, and financial reporting.
The process of tracking, analyzing, and reporting on the financial performance of vacation rental properties. This includes generating income statements, balance sheets, and cash flow statements to assess profitability and make informed business decisions.
Software designed to manage guest accounts, track expenses, and generate financial reports specifically for short-term rental properties.
A 12-month period used for financial reporting and tax purposes, which may not necessarily align with the calendar year. Important for hosts to track income and expenses consistently and meet tax obligations.
Comprehensive financial reports prepared at the end of the fiscal year for short-term rental properties, summarizing income, expenses, and profitability.
A detailed summary provided by platforms like Airbnb and VRBO, outlining a host’s earnings, payouts, and booking activity over a specific period.
A document provided by a short-term rental platform or property manager that details a host’s earnings, expenses, and net income for a specific period.
A financial statement that shows the movement of cash both into and out of a business over a specific period.