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How do I track income from multiple booking platforms?

The cleanest approach is to set up a separate income account in your accounting software for each booking platform. Airbnb income goes in one account, VRBO in another, Booking.com in a third, and direct bookings in a fourth. This way your reports show exactly how much revenue came from each source without manual sorting.

Record gross booking revenue, not just what lands in your bank account. Platforms deduct fees before they pay you, but those fees are business expenses. If a guest pays $500 and you receive $425 after fees, record $500 as income and $75 as a platform fee expense. This gives you accurate revenue numbers and lets you see what you’re actually paying each platform.

Connect your bank feeds to your accounting software so payouts appear automatically. Most platforms consolidate multiple bookings into single deposits, which makes matching transactions tricky. Keep a booking calendar or use the platform reports to reconcile which stays are included in each payout.

Timing creates confusion. A guest might book in January, stay in March, and you receive the payout in April. Decide how you want to track revenue and stay consistent. For most small businesses, tracking when money hits your bank account is simplest and matches what you’ll report on your taxes.

If you manage multiple properties, use classes or locations in QuickBooks to track income by property as well as by platform. This lets you see not just total revenue but which properties perform best on which platforms. Vacation rental operators with multiple listings often find this level of detail essential for deciding where to focus marketing efforts.

Direct bookings need their own tracking system since there’s no platform creating records for you. Use a spreadsheet or property management software to log direct reservations, then make sure those payments are recorded in your accounting software separately from platform income.

Reconcile monthly at minimum. Compare your platform statements to what’s recorded in your books. Platforms sometimes adjust payouts for cancellations, refunds, or resolution center claims. Catch these discrepancies while they’re fresh rather than finding a mystery balance at year end.

If tracking multiple platforms feels overwhelming, a bookkeeper for small business owners can set up the right account structure and handle monthly reconciliation so your reports actually tell you something useful.

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More Questions

How do I know if my bookkeeper is doing a good job?

Good bookkeeping shows up in reconciled accounts, timely reports you can actually understand, and smooth tax preparation. The clearest sign is whether you can use the numbers to make decisions.

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How do I determine the correct GRT location code?

The correct GRT location code is based on where your customer receives goods or services, not where your business is located. Use the New Mexico Taxation and Revenue Department's online lookup tool to find the code for each transaction's destination address.

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What expenses should owner-operators track?

Owner-operators should track fuel, maintenance, insurance, truck payments, permits, tolls, meals, equipment, and professional services. Missing expense categories means overpaying on taxes and not knowing your true cost per mile.

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How do I fix categorization mistakes in QuickBooks?

Open the transaction in QuickBooks, change the category field to the correct account, and save. QuickBooks updates your reports automatically. For older transactions, use the search function or run reports to find what needs fixing.

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How do I track subcontractor costs in QuickBooks?

Set up subcontractors as vendors, use projects or classes to assign every bill to a specific job, and enter bills when you receive invoices rather than when you pay. This gives you accurate job costing and simplifies 1099 prep at year end.

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Should I use a payroll service or do it myself?

For most small businesses, a payroll service is worth the $40-100 monthly cost. DIY payroll can work if you have one or two employees and are willing to stay on top of tax filings and deadlines yourself.

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Focus Point Accounting provides bookkeeping and accounting services for small businesses across Santa Fe and Northern New Mexico. Led by Stephen Vigil, a Certified Internal Auditor with 20+ years of experience. We bring an auditor's precision to your financial records.

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