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An Introduction to Automated Finance
An Introduction to Automated Finance
Hometime avatar
Written by Hometime
Updated over a week ago

We understand how hard and time-consuming it is to run a Short-term Rental business. The last thing you want to do is spend hours or days completing month-end reports for your homeowners. We know because we were there, multiple excel spreadsheets trying to unpick Airbnb batch payments and assign resolution cases to the right properties.

We have therefore made it really easy to automate this part of your business through our platform. To get our Finance feature up and running for your business, you need to follow these steps:

  1. Assign a homeowner and a management fee % to each property

  2. Create a Statment Template (one-time setup required)

  3. Reconcile your income and track your expenses

  4. Review, sign off and send the statements

By following the above instructions, you will save days and hours at month-end and ensure that you are focused on the right things in your business, like growth and customer experience.

We have created both a Statement of Account (used when you are receiving the money) and an Invoice (used when the homeowner is collecting the money) to suit how you have structured your business.

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