Our role
Designed a customized chart of accounts aligning with the Gross Revenue approach for STR business.
Description
Developed a customized Chart of Accounts for a rental management company following the Gross Revenue approach. Under this method, the full amount received from guests is recorded as revenue, and the payout to property owners is treated as a cost of sales. This structure provides a clear view of total earnings, owner expenses, and management profit, ensuring accurate financial reporting and better performance analysis for short-term rental operations.