Individual Self-Managing Property Owners – Yes

Property Managers and Co-hosts –  Yes, but confirm with your CPA that it will suit their needs.

Double Entry Accounting – Yes

Accounts Payable and Expense Tracking – Yes

Bill Payment –  No

Bank Sync – Yes

Categorization and matching of transactions – Yes

Invoicing – No

Payroll Integration – No

Vendor and Contact Management – Yes

Document and Receipt Management – Yes

Cloud File Storage – Yes,

P&L (Profit and Loss) Reports  – Yes

Balance Sheets Reports– Yes

NOI (Net Opertating Income) Reports – Yes

Basis and Depreciation Tracking – Yes

Editable Chart of Accounts – Yes, and the default chart of accounts are already set up for the needs of real estate businesses.

Automatic Mortgage Amortization – Yes, and REI Hub lets you set up a template for your mortgage payment, automatically splitting it into principle pay down, interest expense, and escrow contribution.

Fixed Asset Tracking – Yes, track your Fixed Assets (including capital expenses) and accumulated depreciation.

Lease Tracking – Yes

Mileage Tracking – Yes

Schedule E – REI Hub allows you to easily pull a Schedule E report for each property with no additional configuration. You can prorate overhead expenses across your entire portfolio.

Mobile App – No

Customer Service – Yes, via email and phone. Phone support hours are (9am-5pm EST)

Individual Self-Managing Property Owners – No, individual self-managing property owners are not likely to need the enterprise-level solutions of Ximplifi.  The exception would be individual owners with a large portfolio of properties.

Property Managers and Co-hosts –  Yes.  Ximplfi is specifically designed to serve vacation rental property managers who would like to outsource aspects of their bookkeeping and accounting needs.

VRPlatform is an accounting automation plug-in that integrates property management systems with accounting software to simplify vacation rental bookkeeping. Features of VRPlatform automation include:

• Ability to sync transaction data from vacation rental property management platforms into cloud-based accounting software.
• Automatically record fees and payment data from merchant processors.
• Automatically post and update guest invoices.
• Automatically post management fees and owner commissions.
• Populate, customize, and publish monthly owner statements via secure online portal.

Integrations:

• Property management software:
  • Guesty
  • Hostaway
  • Hostfully
  • Hospitable
  • Track
• Accounting software
  • QuickBooks Online
  • Sage Intacct Cloud Financials
• Payment Processors
  • Stripe
• Additional Integrations
  • Breezeway
  • Airbnb

Setup Service – Yes, onboarding support from a live rep

Depending on your membership level, Ximplifi’s accounting team can also perform the following accounting services on a routine basis:

• Trust accounting (Booking payments, revenue recognition, owner ledgers, etc.)
• AP bill entry and payment
• Bank reconciliations
• Monthly owner statements
• Sales tax compliance
• Payroll and benefits management
• Monthly financial statement preparation
• Monthly/Quarterly financial review and coaching
• Budget preparation
• Key Performance Indicator development and analysis
• Reports & dashboard development
• Cash projections
• Financial modeling
• Business planning

Individual Self Managing Property Owners – Yes

Property Managers and Co-hosts –  Yes

Double Entry Accounting – Yes

Accounts Payable – Yes

Expense Tracking – Yes

Bill Payment – No

Bank Sync – Yes

Transaction Categorization and Matching – Yes

Invoicing – Yes

Payroll Integration – Yes, Wave Payroll service for a monthly fee.

Vendor and Contact Management – No

Document and Receipt Management – Yes

Cloud File Storage – Yes

P&L (Profit and Loss) Reports – Yes

Balance Sheets Reports – Yes

NOI (Net Operating Income) Reports – Not built in

Basis and Depreciation Tracking – Yes

Editable Chart of Accounts – Yes

Automatic Mortgage Amortization – No

Lease Tracking – No

Mileage Tracking – No

Mobile App – Yes (cannot upload receipts via the app)

Customer Service –

• Free users have self-service support via the knowledge library and chatbot.
• Bookkeeping support is $149/mo.
• One on one accounting support packages staring at $379.

Individual Self-Managing Property Owners –Yes

Property Managers and Co-hosts –  Yes

Double Entry Accounting – Yes

Accounts Payable – Yes

 Expense Tracking – Yes

Bill Payment – Yes

Bank Sync – Yes

Transaction Categorization and Matching – Yes

Invoicing – Yes

Payroll Integration – Yes, Quickbooks payroll service

Vendor and Contact Management – Yes

Document and Receipt Management – Yes

Cloud File Storage – Yes

P&L (Profit and Loss) Reports – Yes

Balance Sheets Reports – Yes

NOI (Net Operating Income) Reports –

Basis and Depreciation Tracking – Yes

Editable Chart of Accounts – Yes

Automatic Mortgage Amortization –

Lease Tracking – Sort of, it can be done with customized workflows, but not set up by default.

Mileage Tracking – Yes, built into the mobile app.

Mobile App – Yes

Customer Service – Free support online or by phone

Double Entry Accounting – Yes

Accounts Payable and Expense Tracking – Yes

Bill Payment –  Yes

Bank Sync – Yes

Categorization and matching of transactions – Yes

Invoicing – Yes

Vendor and Contact Management  – Yes

Document and Receipt Management – Yes

Cloud File Storage – Yes

Reporting – Yes

• P&L (Profit and Loss) – Yes
• Balance Sheets  – Yes
• NOI (Net Opertating Income) – Not automatically

Basis and Depreciation Tracking – Yes

Editable Chart of Accounts  –

Automatic Mortgage Amortization

Lease Tracking 

Mileage Tracking

Customer Service – 24/7 online support.

Individual Self Managing Property Owners – Yes

Property Managers and Co-hosts –  Yes

Solutions for:

• Accounts Payable
• Accounts Receivable
• Cloud-based financial document storage
• Cloud-based financial document organization
• Mobile payment:
  • Review
  • Approval
  • Sending

Double Entry Accounting – No

Accounts Payable – Yes

Expense Tracking – No

Bill Payment – Yes

Bank Sync – Yes

Transaction Categorization and Matching – No

Invoicing – Yes

Payroll Integration – No

Vendor and Contact Management – Yes

Document and Receipt Management – Yes

Cloud File Storage – Yes

P&L (Profit and Loss) Reports – No

Balance Sheets Reports – No

NOI (Net Operating Income) Reports – No

Basis and Depreciation Tracking – No

Editable Chart of Accounts – No

Automatic Mortgage Amortization – No

Lease Tracking – Yes, via document management.

Mileage Tracking – No

Mobile App – Yes

Customer Service –

• Knowledge library
• Live support Monday – Friday from 5am to 6pm PT

Individual Self Managing Property Owners – Yes

Property Managers and Co-hosts –  Possibly.  Stessa has a lot going for it, but it isn’t a true double-entry accounting platform.  If you are co-host and don’t handle reservation funds, Stessa could be a good solution.  If you are a property manager who handles reservation funds you should carefully evaluate Stessa’s features to determine if they will meet your needs.

Double Entry Accounting – No

Accounts Payable – No

Expense Tracking – Yes

Bill Payment – No

Bank Sync – Yes

Transaction Categorization and Matching – Yes

Invoicing – No

Payroll Integration – No

Vendor and Contact Management – Limited, via the notes section

Document and Receipt Management – Yes, one-click smart receipt scanning.

Cloud File Storage – Yes, real estate documents and receipt storage.

P&L (Profit and Loss) Reports – Reporting available.

Balance Sheets Reports – Yes

NOI (Net Opertating Income) Reports – Yes

Basis and Depreciation Tracking – Yes

Editable Chart of Accounts – No

Automatic Mortgage Amortization – No

Lease Tracking – Yes

Mileage Tracking – Yes

Mobile App – Yes

Full Data Export – Yes

Accountant Tax Package – Yes, CapEx and Schedule E

Customer Service –

• Help articles
• Forums
• Tutorials.

Individual Self-Managing Property Owners – 

Property Managers and Co-hosts –  

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