Airbnb bookkeeping looks easy until the first month you try to match the bank. The deposit in your account does not equal what the guest paid, one payout can cover several stays, and some of what Airbnb collects was never yours to keep. Books built from the bank...
Most landlords start with a spreadsheet and a business checking account, and for the first property that works fine. By the third or fourth, the cracks show: a rent payment gets lumped in with a deposit, a repair gets booked as an improvement, a mortgage payment sits...
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