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AI RBNB & VRBO

 What is Airbnb & VRBO?
Airbnb Definition of Terms
VRBO How to enter transactions on
Quickbooks
 Airbnb
“Air Bed and Breakfast”

It is an online marketplace
for lodging, primarily
homestays for vacation
rentals, and tourism
activities.
VRBO
"Vacation Rentals by
Owner"

It is an online
accommodation brokerage
platform that matches
people looking for vacation
rentals with property
hosts/managers who have a
suitable offering.
DEFINITION
OF TERMS
 Rental Income
Any payment you receive for the use or occupation of
property.

Cleaning Fee
One-off charge for cleaning the space you stay in and is
set by the Host. It’s an extra amount on top of the nightly rate
when you book a listing. This fee covers the extra expenses
Hosts incur when getting their place ready for guests to arrive
or after they leave.
 Host Fee
The amounts invoiced by Service Provider to Customer and
payable by Customer to Service Provider for Hosting Services
included in the Hosted Solution. The initial Hosting Fees are set
forth in the Purchase Table.

Management Fee
a charge levied by an investment manager for managing an
investment fund. The management fee is intended to
compensate the managers for their time and expertise for
selecting stocks and managing the portfolio.
 Resolution Adjustment
It is an amount of money a host owes as a result of a
cancellation, reservation change, or violation of our Guest
Refund Policy.
This could be refunding a guest, charging them extra for
services, or claims against damage.
 Commission fee
It is charged on the rental amount and any additional fees you charge the
traveler (such as cleaning, pet, and boat fees).
Processing fee
A payment processing fee is charged on the total payment amount you
receive from your guest, including taxes and refundable damage deposits.
The processing fee charged on the damage deposit portion is reimbursed
when you refund the traveler’s deposit.
Fees when using property management software
If you use property management software to manage your listings, you’re
charged a 5% booking fee for bookings made through sites.
Taxes and security deposits
Taxes and security deposits are subject to a 3% payment processing fee but
not a 5% commission fee. Where VAT applies, VAT is charged in addition to
the 5% commission.
HOW DO WE RECORD IT ON
QUICKBOOKS?
Great Design Nice Decoration
Great Design Nice Decoration
 Airbnb Sample Computation

Computation for Gross Rent Income :

Recorded Airbnb Income on Quickbooks

THANK YOU!