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Best Accounting Practices for Your STR

If you are running a short-term rental business, you must indulge in bookkeeping to comply with the rules and regulations of the government. It helps you to pay your taxes on time and to avoid penalties by the authorities. Here is a list of some of the most popular and highly efficient software/tools to help you in your bookkeeping endeavor. These tools will make bookkeeping ridiculously easy for you, even when you hate it.

 

Quickbooks Online

No list of bookkeeping tools is complete without a mention of Quickbooks. It is the most popular online accounting tool that has solved the problem of bookkeeping for small business owners. Quickbooks online is the first preference of large numbers of Airbnb hosts because of its simplicity and ease of use. It is fully compliant with the provisions of short-term rental business and users also enjoy rock-solid support from the company.  Not to mention, nearly every accountant I know uses or recommends Quickbooks to their clients. ...

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