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Guesty’s accounting solution uses the accrual accounting method to record transactions in your account. Transactions are recorded when payments are made, in addition to when services are provided.
A payment transaction is recorded when a guest pays for their reservation ahead of time. At the time of their reservation, another transaction is recorded to show that the services owed to the guest are rendered.
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Learn more about organizing and keeping track of your business’ finances using Guesty's accounting solution.
