Revolutionizing Short Term Rental
Financial Management
HostAllies has partnered with Clearing to simplify short-term rental financial management. We leverage our experienced team, 24/5 operating model and process automation to drive accuracy and efficiency for you.
Revolutionizing STR Financial Management
HostAllies has partnered with Clearing to simplify short-term rental financial management. We leverage our experienced team, 24/5 operating model and process automation to drive accuracy and efficiency for you.
by Vishaal Jayaswal
Bookeeping, Tax & Finance Services
Services Offerings
Meet Our Team
Dedication. Expertise. Passion.
Bookkeeping, Tax & Finance Packages
Explore our service packages, designed to scale with your business needs.
Trust Accounting Scope
What is included in the scope of services
-
Accounts Recievables
-
Setup Revenue recognition policy (Check-in/ Check-out/ Nightly​​
-
Setup Revenue journals, including recurring ones
-
Reviewing the setup with the property management company
-
OTA & other booking receivables recorded and reconciled
-
Advanced Booking Reconcilliation
-
Setup Revenue recognition policy (Check-in/ Check-out/ Nightly​​
-
Setup Revenue journals, including recurring ones
-
Reviewing the setup with the property management company
-
OTA & other booking receivables recorded and reconciled
-
Accounts Payables
-
Setup Revenue recognition policy (Check-in/ Check-out/ Nightly​​
-
Setup Revenue journals, including recurring ones
-
Reviewing the setup with the property management company
-
OTA & other booking receivables recorded and reconciled
-
Owner Statements
-
Setup Revenue recognition policy (Check-in/ Check-out/ Nightly​​
-
Setup Revenue journals, including recurring ones
-
Reviewing the setup with the property management company
-
OTA & other booking receivables recorded and reconciled
-
Trust Account & Credit Card Reconcilliation
-
Setup Revenue recognition policy (Check-in/ Check-out/ Nightly​​
-
Setup Revenue journals, including recurring ones
-
Reviewing the setup with the property management company
-
OTA & other booking receivables recorded and reconciled
-
Trust Account Balance Reconcilliation Recievables
-
Setup Revenue recognition policy (Check-in/ Check-out/ Nightly​​
-
Setup Revenue journals, including recurring ones
-
Reviewing the setup with the property management company
-
OTA & other booking receivables recorded and reconciled
These tasks are managed in the Clearning Software
Operational Accounting Scope
What is included in the scope of services
Accounts Receivables
-
Setup Revenue recognition policy (Check-in/ Check-out/ Nightly​​
-
Setup Revenue journals, including recurring ones
-
Reviewing the setup with the property management company
-
OTA & other booking receivables recorded and reconciled
Bank & Credit Card Reconciliation
-
Setup Revenue recognition policy (Check-in/ Check-out/ Nightly​​
-
Setup Revenue journals, including recurring ones
-
Reviewing the setup with the property management company
-
OTA & other booking receivables recorded and reconciled
Quarterly Close
-
Setup Revenue recognition policy (Check-in/ Check-out/ Nightly​​
-
Setup Revenue journals, including recurring ones
-
Reviewing the setup with the property management company
-
OTA & other booking receivables recorded and reconciled
These tasks are managed in QuickBooks/Sage Software
Financial Planning & Management Scope
What is included in the scope of services
Accounts Recievables
-
Setup Revenue recognition policy (Check-in/ Check-out/ Nightly​​
-
Setup Revenue journals, including recurring ones
-
Reviewing the setup with the property management company
-
OTA & other booking receivables recorded and reconciled
-
OTA & other booking receivables recorded and reconciled
Financial Planning
-
Setup Revenue recognition policy (Check-in/ Check-out/ Nightly​​
-
Setup Revenue journals, including recurring ones
-
Reviewing the setup with the property management company
-
OTA & other booking receivables recorded and reconciled
A-la-Carte Services
What is included in the scope of services
payment processing
-
Making Owner Payments
-
Making Cleaner Payments
-
Making Other Vendor Payments
-
Vendor Bill Handling: Processing of vendor bills and payments
-
Management of vendor master data and year-end 1099 reporting
Tax Preparation Services
-
Gathering Financial Records
-
Identifying Business Structure
-
Choosing Right Tax Forms
-
Calculating Income and Deduct
-
Completing the Tax Forms
-
Reviewing filing with client
-
Filling of the Tax returns
-
​Making estimated Tax Payments
Lodging Tax Filing
-
Understanding Local Tax Laws
-
​Set up PMS and channels to Collect Taxes correctly from Guests
-
Filing Lodging Tax Return
-
Keeping Accurate Records
-
Remitting Tax Payments
-
Keeping Accurate Records
What makes our approach different
We make accounting easy for our clients
Seamless Revenue Reconciliation
Breaks down payouts, maps transactions, and provides real-time insights.
Trust Accounting Compliance
Automate tracking of transactions. Provide safeguards.
Automated Owner Statements
Generate detailed statements. Processes payouts. Transparent portal.
Expense Management Made Simple
Centralize expense tracking. Offers visibility. Helps identify opportunities.
Why HostAllies Recommends Clearing
-
Tailored for STR
Addresses the unique needs of STR property managers.
-
Trust Accounting Compliance
Automate tracking of transactions. Provide safeguards.
-
Automated Owner Statements
Generate detailed statements. Processes payouts. Transparent portal.
-
Expense Management Made Simple
Centralize expense tracking. Offers visibility. Helps identify opportunities.
Why Choose HostAllies for Financial Management?
HostAllies partners with top financial and tax firms, leveraging the expertise of thousands of team members and cutting-edge software solutions. This ensures your business is supported by the best in the industry, offering unparalleled accuracy, compliance, and strategic insights.