? Flow with us to Streamline Your Vacation Rental Finances: Automating Your Accounting for Increased Efficiency

Feeling overwhelmed as a Property Manager?

Do you have too much on your plate? Feeling like you could make more out of your Rentals but time falls short day after day?

1. Inconsistent data entry?
2. Lack of real-time visibility?
3. Time-consuming manual processes
4. Difficulty tracking rent payments:?
5. Lack of automation

These tasks can quickly pile up and become overwhelming. With so much to keep track of, it can be easy to fall behind on important accounting tasks, which can have serious consequences for your company.

Let us help lighten the load and streamline your operations with Smoobu + Rental Ninja’s expert solutions.

?? Keep Scrolling Down; A Surprising Ending Awaits!??

Automating your Booking Process and the following Accounting operations can simplify your workflow, save you time and effort, and help you stay on top of your Finances.

Here are some of the key benefits of using Smoobu + Rental Ninja to automate your guests’ booking flow and your Accounting

1- Increased accuracy: Smoobu’s intuitive interface will help you quickly set up your Rentals’ Profiles, and list them on all the different Booking Portals, which will help you fill your calendars up to the top with ease.

By the time you need to make your numbers, Rental Ninja will step in to handle it all. Automated Accounting systems are less prone to errors than manual methods. Thanks to the smooth synchronization between Smoobu and Rental Ninja your Bookings will automatically be accounted for. The software will perform calculations and generate your statements and payouts on your behalf, reducing the risk of miscalculations, ensuring that your Books are accurate.

You will be able to manually or automatically add any extra items, whether they’re one-time (such as repairs) or recurring (such as Netflix, internet..), on a statement or booking basis, according to your needs.

2- Improved organization: Smoobu + Rental Ninja can help you keep your financial records organized per Property and stakeholder, and accessible for everyone involved. You'll have all your transactions, invoices, and other financial documents in one place, making it easy to search for and reference the information you need. Share any Statements or Reports directly, making it easy and convenient for your owners and stakeholders, while saving a lot of time for yourself. No more downloading files, attaching and sending emails. Do it all in 2 clicks.?

Share all your financial documentation with your legal or financial advisors by giving them access to your Rental Ninja account, let them help themselves and scratch those tasks out of your agenda for good!

3- Time-saving: Using an Accounting System built to serve Vacation and Season Rentals needs can save unmeasurable time by eliminating manual data entry and streamlining your accounting processes. Smoobu + Rental Ninja can automate administrative Tasks like generating Statements and corresponding Payouts, helping you keep track of guests’ payments, payouts and creating net Revenue Reports for rental owners; freeing up time for you to focus on other aspects of your company.?

4- Real-time visibility: Use Rental Ninja’s Accounting software to bring light into your financial data. Make informed decisions quickly but accurately. You'll have the possibility to keep your cash income up-to-date with your Financial Statements, Financial Reports, and Net Income; enabling you to monitor your cash flow, identify trends, and make data-driven decisions.

5- Improved cash flow management: Through Rental Ninja’s App and web ?you can update the Payment amounts received of your bookings to keep track of the real cash-flow. Thanks to the smooth synchronization between Smoobu and Rental Ninja, these payments will be automatically and immediately updated in Smoobu to have it all updated and everyone on the same page.

6- Account Extra Items: If your managed rentals imply any recurring expenses or extra services that need to be accounted for, you should decide whether to add these expenses to your agency's payouts or rental owners' payouts. This decision will depend on your specific business model and agreements with your clients.

Adding recurring expenses or extra services to your agency's payouts will result in a lower net revenue for your company, but it may also provide a more transparent and straightforward accounting process. It will also allow you to generate a PNL (Profit and Loss) statement that accurately reflects your agency's financial performance.

On the other hand, adding these expenses to your rental owners' payouts may increase their costs and reduce their overall profits. However, this approach may be more attractive to some clients, as it simplifies the billing process and allows them to easily track their rental income and expenses.

Ultimately, the decision of whether to add recurring expenses or extra services to your agency's payouts or rental owners' payouts should be based on your clients' preferences and your business objectives. It's important to communicate clearly with your clients about your billing processes and to ensure that your accounting practices are transparent and fair.

?? On the 16 February 2023:

We will be having a Webinar to discuss these issues, click here to register.

Join us for an exciting webinar where we'll explore how Smoobu + Rental Ninja can help you automate your accounting and experience a host of benefits. From better accuracy and organization to saving time and improved cash flow management, the advantages of automation are clear.

By investing in Smoobu + Rental Ninja, you can streamline your overall performance, enhance your team's workflow and focus on what truly adds value to your business model.

Whether it's elevating the guest experience, expanding your portfolio, increasing landlord trust and transparency, or improving your employees' quality of life, automation is the key to achieving success.

So, don't miss this opportunity to learn more and take your business to the next level!