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hello everybody and welcome I'm Margot and this is rental Trader YouTube channel where we cover all things vacation rentals and we also help hosts to find success in the industry today we're going to be talking about our absolute favorite accounting software options for vacation rental hosts so keep on watching now maybe you're wondering do I really need accounting software I mean come on well we would argue yes you absolutely do it might seem simple enough to keep track of the numbers at least in the beginning but as your vacation rental business continues to grow and Thrive things will only become more and more complex and confusing so save yourself the pain and just get the software alright so accounting software helps you to keep track of profit and loss reports tax preparation payment logs invoice details and status reports that is a lot to handle on your own especially if you don't have a background in finance I know I don't hey if you want to spend most of your life looking at numbers then you would have just become an accountant right right well speaking of accountants you can definitely hire one to handle your vacation rental finances but if you don't have the funds to do so or you want a more affordable option then that is where accounting software comes in handy alright now before we get into our recommendations we have a few General tips for your vacation rental business finances first make sure to open up a business bank account specifically for your vacation rental finances using your personal bank account for both your personal and business bills and purchases is absolutely guaranteed to increase your stress level and be a total headache and now the moment you've been waiting for our favorite accounting software our first choice for vacation rental hosts is QuickBooks that's right you've probably heard of it before but for good reason it's considered the number one accounting software for small businesses and it's affordable with pricing starting as low as fifteen dollars per month now of course this is the basic package so if you want all the features and functionalities QuickBooks can cost as much as a hundred dollars per month but in our opinion it is still a steal we also like top notepad it is a simple piece of software with plenty of features one of the best things about it is that it is very intuitive which is really nice if you are new to accounting and managing business finances so definitely check it out plus there is a one week free trial and after that prices start at 12.50 per month and who doesn't love a free trial come on freshbooks is another really good choice for vacation rental hosts it has tons of easy to use features and you can try it out for free for wait for it an entire month that's right now once that trial period is over prices stay really low starting at just six dollars a month and even the most expensive package is only 22 dollars a month we also recommend insta books as well and the best thing about it is that it is completely 100 percent free and it is still very feature Rich at love me some free now xero is our last accounting software recommendation for today and you can try it for free for a whole month and then after that monthly Prices range from twelve dollars to sixty five dollars now like the other software options on our list xero has lots of features and capabilities that will help to keep your finances in order before we let you go we have one final tip for you to help with your vacation rental business finances if you've watched our videos before you know what's coming go ahead right now and list your property on rental Trader our fees are among the lowest in the industry at just 4.5 percent that is it and it is totally free to list your vacation rental we are determined to keep travel affordable for everyone and listing with us can really improve your bottom line so stop by rentaltrader.com get yourself started you're missing out if you're not there all right if you found this video helpful smash that like button and share it with all of your friends and your fellow vacation rental hosts also do not forget to subscribe and ding that Bell that's right because you're gonna get notified every time we have new business boosting information to share and uh what else I think that's it alright until next time stay safe stay positive and say yes to Adventure foreign [Music]