Accounting by Guesty is a premium feature available to Pro users only. 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.
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.
Before you begin
Before creating your first business model, the following needs to be set up in Guesty. If these aren't set up then you will encounter an error when trying to create the business model.
Important:
Once a business model is saved, it can no longer be edited.
Verify your account information
Make sure that your company information, including address and time zone, are accurate. See details here about what information you can change yourself and when you need to contact us.
Add owners and assign to listings
Add your owners in Guesty to calculate how profits are shared between you and the owner, then assign an owner to each listing.
Only ONE owner can be assigned to each listing before you add the listing to a business model.
Add vendors
Add your vendors to Guesty to keep track of payments owed to them from your business’s trust account.
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. At least one fee must be set up before creating a business model.
Set up taxes
Set up your taxes on the account or listing level. At least one tax must be set up before creating a business model.
Manage business models
Assign listings to business models
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.