Pilot: Automating GuestyPay commission charges

With GuestyPay commission automation, Accounting users can take advantage of using Guesty's own payment processor and eliminate the manual work required to track the processing fees associated with all payment processors.

Automate GuestyPay commission charges

For GuestyPay credit card commissions, Guesty will receive the exact amount of the commission expense per transaction and can assign the commission expense to either the owner or the PMC. This journal entry logs the commission expense automatically in the cash account so it can be grouped along with other transactions that have been batched together and deposited into the PMC's bank account.

To automate Guesty Pay commission charges, you will need to update your business model and either add a recurring owner charge or a recurring expense.

Charge to Owner

1. In the relevant business model, scroll down to the trust account section.
2. Click Trust account income.
3. To the right, click Add recurring owner charge.
4. Fill in the relevant details.
   1. Under "Amount to charge", in the "Per" field select GustyPay payment from the dropdown.

      

5. Scroll down and click Add.

Once set up, every time a payment is taken using GuestyPay the owner will be charged for the commission expense and the withdrawal from the user’s bank account will be automatically entered.

Charge to PMC

1. In the relevant business model, scroll down to the trust account section.
2. Click Trust account expenses.
3. To the right, click Add recurring expense.
4. Fill in the relevant details.
   1. Under "Expense to add", in the "Per" field select GustyPay payment from the dropdown.

      

5. Scroll down and click Add.

Once set up, every time a payment is taken using GuestyPay, the PMC Vendor will be charged for the commission expense and the withdrawal from the user’s bank account will be automatically entered.

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