Take Your Life Back
When you first decided to start a vacation property management company, you probably envisioned spending your days touring properties, putting together welcome baskets, or checking your reviews on VRBO…not looking at spreadsheets.
As mundane as they sound, accounting and bookkeeping make up a huge portion of any business owner’s time.
From keeping track of income to filing taxes at the end of the year, there are an endless stream of financial issues you will have to untangle. This might be manageable for two people running 10 properties, but if you want to scale, this can snowball into an overwhelming job.
For years, we struggled to fit our bookkeeping into an already full schedule. After looking after check-ins, check-outs, and routine maintenance, it seemed like there was no time leftover to deal with things like payroll, invoicing, and expense reports.
Bookkeeping is an essential part of running a business, but that doesn’t mean you need to devote your time and energy to it.
Accounting You Can Trust
As a vacation rental management company, bookkeeping will look a bit different for you than it will for someone else.
Being in charge of other people’s property and funds requires you to be extremely organized. And this struggle only increases with every property you take on. It takes a lot of skill to know which accounts belong to which homeowner, where the money came from, and where it needs to go.
There’s a reason this is called “trust accounting.”
No matter who you put in charge of your bookkeeping, you are placing a huge amount of trust in their abilities. And if you’ve been the one crunching the numbers so far, it’s worth it to ask yourself, “Is this really the best option?”
That’s why we’re thrilled to announce our partnership with Clearing.
Clearing is a complete trust accounting and automated bookkeeping solution tailored for Short-Term Rental operators to close their books faster than ever before. Property managers use Clearing to collect & track their cashflow from multiple sources, manage their expenses, generate owner statements and pay homeowners & vendors.
Ready To Grow Your Family-Owned Business?
We have the connections, resources, and advice you need to make your vacation rental business a success. Contact us now to see how we can help you!
Accounting and Bookkeeping Services
As your accounting team, GCO will make hiring a separate bookkeeper completely unnecessary.
Our monthly accounting and bookkeeping services include:
- Monthly Invoicing
- Monthly Income & Expenses
- ACH & Direct Deposits
- Monthly Account Reconciliation
- Year-End Tax Returns
- Contractor 1099 Returns
However, one area where GCO differs from a typical is our unique background in vacation rental property management. With us, you still benefit from our complete range of accounting and bookkeeping services, but you’ll also have access to the insight we’ve gained after a decade of experience running our own vacation rental management company.
Your One-Stop Shop
Chances are, you already use an accountant to manage your finances. But their expertise only goes so far.
At GCO, we’re familiar with your issues, concerns, and goals because we’ve stood in your shoes. We started our own vacation rental management company in 2011 that grew to encompass dozens of homeowners and 100 properties.
We grappled with the endless, overwhelming list of tasks and discovered a way to make our business not just work, but thrive. It may have been a struggle for us, but we can make it a sigh of relief for you.
If you’re ready to grow your business while simultaneously alleviating the strain on your schedule, we’d love to hear from you. Give us a call to see how we can make every day at work feel like a vacation.