When you apply a markup to cleaning fees or additional fees for Airbnb, Guesty breaks down the total fee into two distinct components: the net fee and the markup on fees. This structure allows you to split these amounts differently within your business models, providing granular control over your margins and ensuring accurate financial reporting for Airbnb reservations.
Follow these steps to include the cleaning fee or other additional fees in your markup calculations to align with Airbnb’s single fee structure.
Note:
Currently, this feature is available only for newly created Airbnb reservations.
In the business model
In your business models, the markup on fees acts like other line items, allowing you to:
- Include the markup in your net rental income (NRI) calculation:
- If not included in the NRI, you can split the revenue recognition date and revenue share between PMC and owner for the markup.
When a reservation is made with a markup on fees, the markup revenue is recognized and split following the business model settings.
Ledger entries and automation
Guesty automates the ledger entries to reflect the markup breakdown. This ensures your accounting remains balanced and transparent.
Distinct journal entries: Guesty generates separate entries for the net fee and the markup portion.
Ledger visibility: View these entries under the "Owners" and "Accounts Payable" ledgers within a reservation's accounting folio, depending on your business model configuration.
Flexible revenue share splitting: Assign the the net fee and the markup to different accounts or stakeholders according to your business model.
