Getting stared with business models

Accounting by Guesty is a premium feature available to Pro users only. Please contact us to discuss activating it.

Accounting by Guesty is a premium feature. Please contact us to discuss activating it.

Create business models in Guesty to set up revenue share agreements with your owners. In each business model, you can define how each fee is calculated and shared between your business, owner, or vendor. You can also set up multiple commission calculations if the accommodation fare is divided differently for each channel.

Read below and watch our video before creating a business model.

Set up your business model to reflect the agreement between you and the owner. For example, if you agree to share the cleaning fee, include it in the formula for the net rental income calculation. 

business model cleaning fee

On the other hand, if the cleaning fee is calculated according to a different ratio between you and the owner, list it as part of the trust account income and define the commission division separately. The setup of these commissions will be automatically reflected in calculations for the owner statement.

Other items to set up first

Important:

Once a business model is saved, it can no longer be edited. Set up the items below before creating a business model.

Add owners

Add your owners in Guesty to calculate how profits are shared between you and the owner.

Adding an owner.

Add vendors

Add your vendors to Guesty to keep track of payments owed to them from your business’s trust account.

Adding a vendor.

Set up additional fees

Set up an inventory of additional fees to charge guests for extra services, such as early check-in or laundry services.

Manage business models

Assign listings to business models

Choose which Business Models are used for each listing.

Tip:

When creating a business model, you can specify the date it should be activated. If there are upcoming changes in the revenue share agreement with your owner, create a business model with a future date, and assign the listing to it. The changes will apply from this date.

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