Individual Self-Managing Property Owners – Yes

Property Managers and Co-hosts –  Yes, but confirm with your CPA that it will suit their needs. REIhub is best suited to owners who manage their portfolios or co-hosts who oversee a small handful of properties and do not manage direct bookings. Larger property managers and property management companies will be better served by other enterprise-level accounting solutions.

Double Entry Accounting – Yes

Bill Payment –  No

Bank Sync – Yes

Categorization and matching of transactions – Yes

Invoicing – No

Payroll Integration – No

Vendor and Contact Management – Yes

Document and Receipt Management – Yes

Cloud File Storage – Yes,

P&L (Profit and Loss) Reports  – Yes

Balance Sheets Reports– Yes

NOI (Net Operating Income) Reports – Yes

Basis and Depreciation Tracking – Yes

Editable Chart of Accounts – Yes, and the default chart of accounts is already set up for the needs of real estate businesses.

Automatic Mortgage Amortization – Yes, and REI Hub lets you set up a template for your mortgage payment, automatically splitting it into principal pay down, interest expense, and escrow contribution.

Fixed Asset Tracking – Yes, you can track your fixed assets (including capital expenses) and the accumulated depreciation. You can track multiple fixed assets per property, each with its own helpful life and placed in service date.

Lease Tracking – Yes

Mileage Tracking – Yes

Schedule E – REI Hub allows you to easily pull a Schedule E report for each property with no additional configuration. You can prorate overhead expenses across your entire portfolio.

Mobile App – No

Additional Features

• REI Hub automatically helps you account for STR platform fees with unique matching rules for Airbnb and VRBO deposits.

Customer Service – Yes, via email and phone. Phone support hours are (9am-5pm EST)

Individual Self-Managing Property Owners – No, individual self-managing property owners are not likely to need the enterprise-level solutions of Ximplifi.  The exception would be individual owners with a large portfolio of properties.

Property Managers and Co-hosts –  Yes.  Ximplfi is specifically designed to serve vacation rental property managers who would like to outsource aspects of their bookkeeping and accounting needs.

VRPlatform is an accounting automation plug-in that integrates property management systems with accounting software to simplify vacation rental bookkeeping. Features of VRPlatform automation include:

• Ability to sync transaction data from vacation rental property management platforms into cloud-based accounting software.
• Automatically record fees and payment data from merchant processors.
• Automatically post and update guest invoices.
• Automatically post management fees and owner commissions.
• Populate, customize, and publish monthly owner statements via a secure online portal.

Integrations:

• Property management software:
  • Guesty
  • Hostaway
  • Hostfully
  • Hospitable
  • Track
• Accounting software
  • QuickBooks Online
  • Sage Intacct Cloud Financials
• Payment Processors
  • Stripe
• Additional Integrations
  • Breezeway
  • Airbnb

Setup Service – Yes, onboarding support from a live rep

Depending on your membership level, Ximplifi’s accounting team can also perform the following accounting services on a routine basis:

• Trust accounting (Booking payments, revenue recognition, owner ledgers, etc.)
• AP bill entry and payment
• Bank reconciliations
• Monthly owner statements
• Sales tax compliance
• Payroll and benefits management
• Monthly financial statement preparation
• Monthly/Quarterly financial review and coaching
• Budget preparation
• Key Performance Indicator development and analysis
• Reports & dashboard development
• Cash projections
• Financial modeling
• Business planning

Individual Self-Managing Property Owners – Trust accounting solutions are not needed unless you are managing the funds related to other properties.

Property Managers and Co-hosts –  Yes, Clearing is specifically designed to serve the needs of property management companies and is a solution that works at scale.

Real Estate Investors – Clearing can be used to manage the finances of large real estate investment and management companies.

Automated Bookkeeping

• PMS integration to extract reservation data
• Matches booking information to bank account deposits
• Each payout will have a list of items pre-categorized for you, such as cleaning fee, host fee, tax, etc.
• Bookkeeping autopilot with custom rules
• Export and share to Excel
• Prepopulated with common STR industry categories
• You can create custom categories

Automated OTA payout allocation and reconciliation

• Automated categorization of Airbnb and Stripe bulk payments to the correct categories and properties.

Trust Accounting

• Segregate funds by homeowner or group of properties
• Leverage zero-balance accounts to automate the collection of funds to the right balance
• Easily track property manager commissions without mixing it with homeowner payouts
• Pay homeowners, bills, and utilities directly from Clearing via ACH

Expense Management

• Expenses can be split across different listings
• Maintain accurate books at the most granular listing level
• Add notes on transactions to collaborate with your accountant
• Clearing will categorize and allocate transactions by property for you
• Bring all your expenses in one place with a consistent categorization.
• Attach receipts to any transaction.
• Filter transactions by homeowner, property, category, and more
• Export transactions to Excel for further analysis of your cash flow

Streamlined Reporting

• Real-time. As transactions happen in your bank account, credit cards, Stripe, and any other source, they will automatically be posted in your Clearing account without the need to add anything manually.
• Customize reports by category, listing, or owner and export to Excel or PDF.
• Clearing simplifies generating owner statements and has the owner an owner portal.
• Profit and Loss Statements

Integrations:

• Stripe
• American Express
• Bank of America
• Chase
• Intuit Quickbooks
• Guesty
• Airbnb
• Hostfully
• Plaid – bank connections
• OwnerRez
• Guesty (for Pros)
• Hospitable
• Quickbooks
• Uplisting
• Hostaway

Customer Support

• Chat support, online form
• Dedicated customer success rep for accounts
• Phone support
• Email support

Individual Self Managing Property Owners – Yes

Property Managers and Co-hosts –  Yes

Double Entry Accounting – Yes

Accounts Payable – Yes

Expense Tracking – Yes

Bill Payment – No

Bank Sync – Yes

Transaction Categorization and Matching – Yes

Invoicing – Yes

Payroll Integration – Yes, Wave Payroll service for a monthly fee.

Vendor and Contact Management – No

Document and Receipt Management – Yes

Cloud File Storage – Yes

P&L (Profit and Loss) Reports – Yes

Balance Sheets Reports – Yes

NOI (Net Operating Income) Reports – Not built-in

Basis and Depreciation Tracking – Yes

Editable Chart of Accounts – Yes

Automatic Mortgage Amortization – No

Lease Tracking – No

Mileage Tracking – No

Mobile App – Yes (cannot upload receipts via the app)

Customer Service –

• Free users have self-service support via the knowledge library and chatbot.
• Bookkeeping support is $149/mo.
• One on one accounting support packages staring at $379.

Individual Self-Managing Property Owners –Yes

Property Managers and Co-hosts –  Yes

Double Entry Accounting – Yes

Accounts Payable – Yes

 Expense Tracking – Yes

Bill Payment – Yes

Bank Sync – Yes

Transaction Categorization and Matching – Yes

Invoicing – Yes

Payroll Integration – Yes, Quickbooks payroll service

Vendor and Contact Management – Yes

Document and Receipt Management – Yes

Cloud File Storage – Yes

P&L (Profit and Loss) Reports – Yes

Balance Sheets Reports – Yes

NOI (Net Operating Income) Reports –

Basis and Depreciation Tracking – Yes

Editable Chart of Accounts – Yes

Automatic Mortgage Amortization –

Lease Tracking – Sort of, it can be done with customized workflows, but not set up by default.

Mileage Tracking – Yes, built into the mobile app.

Mobile App – Yes

Customer Service – Free support online or by phone

Double Entry Accounting – Yes

Accounts Payable and Expense Tracking – Yes

Bill Payment –  Yes

Bank Sync – Yes

Categorization and matching of transactions – Yes

Invoicing – Yes

Vendor and Contact Management  – Yes

Document and Receipt Management – Yes

Cloud File Storage – Yes

Reporting – Yes

• P&L (Profit and Loss) – Yes
• Balance Sheets  – Yes
• NOI (Net Opertating Income) – Not automatically

Basis and Depreciation Tracking – Yes

Editable Chart of Accounts  –

Automatic Mortgage Amortization

Lease Tracking 

Mileage Tracking

Customer Service – 24/7 online support.

Individual Self Managing Property Owners – Yes

Property Managers and Co-hosts –  Yes

Solutions for:

• Accounts Payable
• Accounts Receivable
• Cloud-based financial document storage
• Cloud-based financial document organization
• Mobile payment:
  • Review
  • Approval
  • Sending

Double Entry Accounting – No

Accounts Payable – Yes

Expense Tracking – No

Bill Payment – Yes

Bank Sync – Yes

Transaction Categorization and Matching – No

Invoicing – Yes

Payroll Integration – No

Vendor and Contact Management – Yes

Document and Receipt Management – Yes

Cloud File Storage – Yes

P&L (Profit and Loss) Reports – No

Balance Sheets Reports – No

NOI (Net Operating Income) Reports – No

Basis and Depreciation Tracking – No

Editable Chart of Accounts – No

Automatic Mortgage Amortization – No

Lease Tracking – Yes, via document management.

Mileage Tracking – No

Mobile App – Yes

Customer Service –

• Knowledge library
• Live support Monday – Friday from 5am to 6pm PT

Individual Self Managing Property Owners – No.  Trust accounting is not necessary if you only manage your own properties.

Property Managers and Co-hosts –  Yes, bookingtrust is specifically designed for property managers who receive reservation funds directly.

Booking Trust is a revenue management and trust accounting system that is meant to supplement your primary accounting platform, not replace it. 

Double Entry Accounting – Yes

Accounts Payable – Yes

Expense Tracking – Yes

Bill Payment – Yes, exports to bill payment platforms

Bank Sync – No, syncs reservation payments from property management software systems.

Transaction Categorization and Matching -Yes

Invoicing -Yes

Payroll Integration – No

Vendor and Contact Management – Yes

Document and Receipt Management – Yes

Cloud File Storage – Yes

P&L (Profit and Loss) Reports – Revenue reports, but not a standard P&L.

Balance Sheets Reports – No

NOI (Net Operating Income) Reports – No

Basis and Depreciation Tracking – No

Editable Chart of Accounts – No

Automatic Mortgage Amortization – No

Lease Tracking – No

Mileage Tracking – No

Mobile App – Mobile friendly website

Customer Service – Yes, via email.

Individual Self Managing Property Owners – Yes

Property Managers and Co-hosts –  Possibly.  Stessa has a lot going for it, but it isn’t a true double-entry accounting platform.  If you are co-host and don’t handle reservation funds, Stessa could be a good solution.  If you are a property manager who handles reservation funds you should carefully evaluate Stessa’s features to determine if they will meet your needs.

Double Entry Accounting – No

Accounts Payable – No

Expense Tracking – Yes

Bill Payment – No

Bank Sync – Yes

Transaction Categorization and Matching – Yes

Invoicing – No

Payroll Integration – No

Vendor and Contact Management – Limited, via the notes section

Document and Receipt Management – Yes, one-click smart receipt scanning.

Cloud File Storage – Yes, real estate documents and receipt storage.

P&L (Profit and Loss) Reports – Reporting available.

Balance Sheets Reports – Yes

NOI (Net Opertating Income) Reports – Yes

Basis and Depreciation Tracking – Yes

Editable Chart of Accounts – No

Automatic Mortgage Amortization – No

Lease Tracking – Yes

Mileage Tracking – Yes

Mobile App – Yes

Full Data Export – Yes

Accountant Tax Package – Yes, CapEx and Schedule E report is available with a Pro plan subscription. The schedule E report is an analysis tool and does not replace the Schedule E Form 1040.

Customer Service –

• Help articles
• Forums
• Tutorials.

Individual Self-Managing Property Owners – 

Property Managers and Co-hosts –  

We’re not quite ready to publish our review of The Percentage App.

Please write a review below and share your experience with The Percentage App.

Individual Self Managing Property Owners – Yes

Property Managers and Co-hosts –  Yes

Licensing and Permits

• Offers processing of:
  • Lodging licenses
  • Permits
  • Renewals
• Identifies multiple state and local tax agencies.
• Annually applies, maintains, and renews tax licenses and permits on your behalf.

Consolidate Data

• Offers quick and simple input of revenue.
• Consolidates all revenue information in one place.

Calculate Rates

• Monitors new tax rules and rates for:
  • City
  • County
  • City jurisdiction
• Determines portions of lodging tax responsibility.

Process Returns

• It automates your lodging tax returns based on your monthly transaction data.
• Prepares, submits, and remits lodging tax following jurisdictional deadlines.
• Allows you to access your lodging and tax filing history.

Integrations/ partners:

• Vrbo
• Evolve vacation rental
• Turnkey
• HomeAway
• BookingPal
• Rental Advisor

Mobile App – None

Customer Service 

• Email
• Chat support
• Phone
• Webinar series

Other Features:

• It also offers hospitality tax solutions for hotels and large property owners.