Accounting by Guesty is a premium feature available to Pro users only. Please contact us to discuss activating it.
With GuestyPay rolling reserve automation, Accounting users can take advantage of using Guesty's own payment processor and eliminate the manual work required to track payment delays associated with all payment processors.
Rather than creating one journal entry for the total guest payment amount, GuestyPay rolling reserve automation will enter the payment from the guest into two entries: One for the 90% deposited into the bank on the transaction settlement date and one for the remaining 10%, 90 days from the transaction settlement date.
No additional setup is required on your part.
Note:
If you have selected cash basis over accrual basis for your accounting, not all transactions will flow off the guest account until they are funded. This means that potentially 10% of the reservation transactions will not flow off the guest account until 90 days after the last payment is received.