AirBNB Property Bookkeeping
CHART OF ACCOUNTS SETUP | BANK RECONCILIATION | EXPENSE TRACKING | FINANCIAL REPORTING
CLIENT BACKGROUND
My client owns three Airbnb rental properties in a busy tourist destination. Each property generates steady income but also incurs a wide range of expenses—cleaning, utilities, repairs, mortgage payments, and platform fees. The client struggled with:
Tracking monthly profit per property.
Managing cleaning crew payments and invoices.
Reconciling Airbnb payouts with actual bank deposits.
Preparing accurate financial reports for tax filing.
THE CHALLENGES
Mixed Records – Airbnb payouts were lumped together, making it difficult to know which property earned what.
Expense Tracking Issues – Cleaning, utilities, and maintenance receipts were scattered across emails, texts, and credit cards.
Cash Flow Uncertainty – The client couldn’t clearly see if their short-term rentals were consistently profitable after fees and expenses.
Tax Stress – At year-end, it took weeks to gather records and provide documents to the CPA.
MY BOOKKEEPING APPROACH
Chart of Accounts Setup: Customized accounts for each property (income, cleaning, repairs, utilities, mortgage interest, Airbnb fees).
Bank & Airbnb Reconciliation: Matched Airbnb payouts with bank deposits and cross-checked against bookings.
Expense Organization: Centralized receipts into cloud storage and categorized them monthly.
Owner Reports: Monthly financial statements showing profit per property, cash flow trends, and tax-ready reports.
THE RESULTS
The client gained clear visibility into which properties were most profitable.
Time saved: No more scrambling at tax season—reports were ready in minutes.
Better decisions: Insights helped the client adjust nightly rates and control cleaning costs.
Peace of mind: With books up-to-date, the client could focus on guest experience instead of paperwork.
KEY TAKEAWAY
With proper bookkeeping, Airbnb hosts can maximize profits, simplify tax compliance, and make data-driven decisions about their rental business.
TESTIMONIAL:
Before working with METCB, my Airbnb finances were a mess. I never knew which property was actually making money, and tax season was always stressful. Now, everything is clear. I get monthly reports that show my profits per property, and I don’t have to dig through receipts anymore. METCB saved me hours of stress and helped me feel confident about my business numbers. I can finally focus on hosting guests instead of worrying about my books! — Farah M., Airbnb Host (3 properties)
If this is you, let’s chat!
You want financial clarity and peace of mind.
You’re tired of feeling behind on your books.
You want to focus on growing your business, not tracking receipts.
You want organized, tax-ready books.
You want clear understanding of your monthly cash flow.
You’re craving support, not judgment.