Tracking the rental income and expenses of an Airbnb business takes up 25% of a host time. On top of answering the booking inquiries and housekeeping, bookkeeping ranks third most time-consuming task for an Airbnb host.
For the Airbnb management company that manages someone else's properties, the need for a bookkeeping system is inevitable. As you can read in this thread on the Airbnb forum, the Airbnb management companies are looking for bookkeeping software. The common requirements of accounting software for Airbnb are:
- to track expenses and rental income,
- to auto-generate reports for each property owner.
As the Airbnb property owner or operator, you might be looking for the easiest way to keep track of the money in and out. You realize the crucial need to have Airbnb accounting software instead of record and keep track of them manually. With the right Airbnb accounting software, you will be able to handle the cash flow with ease.