Accounting by Guesty is a premium feature available to Pro users only. Please contact us to discuss activating it.
A line item called "Airbnb resolution center" (ARC) in a reservation's guest folio breakdown means that we received a closed resolution from Airbnb. See full details here. For Accounting, you will also see entries in the posting journal as follows:
Update from Airbnb as a refund to you the PMC
Journal entries added to the accounting folio:
- Debit: Advance Deposit
- Credit: Accounts Payable PMC (100% to PMC)
Update from Airbnb as a payment to the guest
Journal entries added to the accounting folio:
- Debit: Accounts Payable PMC (100% from PMC)
- Credit: Advance Deposit
Find reservations with ARC items
We recommend running a reservations report to find ARC items and adjust them as needed, prior to generating your owner statements.
Step by step:
- Sign in to your Guesty account.
- In the top navigation bar, click the mode selector and select Operations mode.
- Click Reservations.
- Click
next to "Filters" and select the desired filter.
- At the top right, click Columns.
- Enter "Airbnb" in the search bar, then toggle on Airbnb resolution center.
- Click Save/Save as.
Splitting the revenue/expense
As noted, the revenue or expense is allocated 100% to the PMC by default. If you would like to split the amount between you and the owner or vendor - for example, 70% PMC, 30% owner - you can add a journal entry.
To split with an owner:
- Select Credit/Debit.
- Include how much you want to share with the owner under "Amount to charge", and select Credit owner under "Transaction type".
- Click Add.
To split with a vendor:
- Select Expense.
- Include how much you want to share with the vendor under "Expense to add", and select the relevant vendor under "Vendor".
- Click Add.