Step 3 | Ongoing Accounting
Keep the structure credible, month after month.
Once the financials are restructured, AbacusVRA maintains them: a reliable monthly close, accrual-basis statements, reconciliations and reporting built for vacation rental management companies.
The monthly package
Core financial statements
Accrual-basis P&L, balance sheet, statement of cash flows, monthly and year-to-date comparisons, trailing 12-month results.
Balance sheet support
Receivables and payables, homeowner liabilities, guest advance deposits, taxes and security deposits, credit cards, debt, prepaids and fixed assets.
Escrow and liability reporting
Supported escrow liabilities; owner, guest, tax and deposit balances; unidentified or unreconciled items; escrow surplus or shortfall.
Management insight
Gross profit by service line, housekeeping and maintenance margin, payroll as a percentage of revenue, unusual and nonrecurring activity.
What changes for the owner
Better understanding
Explain how the company earns revenue without anyone reconstructing it from reservation activity.
Better control
Monthly reconciliations surface unsupported liabilities, cash shortages and timing problems earlier.
Better readiness
Consistent reporting over time is easier for lenders, investors, advisors and buyers to understand, and supporting documentation builds up gradually instead of in a rush.
Prefer to keep accounting in-house? See Internal Team & Process Development →