Understanding Accrual Accounting

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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.


Learn more about organizing and keeping track of your business’ finances using Guesty's accounting solution.

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