Full reporting function for Escrow accounting. reservations income, deposits held, prepayment balances, 3rd party billings, rental income disbursement shares, owner accounting which automatically feeds owner statement and owner check disbursement functions. Full owner escrow trust accounting is automatically provided with reservation input, without the need for duplicate data entry into the accounting function itself. Compatible with Quickbooks, but if you're in a state that will scrutinize your escrow, we recommend only exporting items like commissions and owner advertising reimbursements — to keep the escrow auditor out of your operating account.
A one-page Balance Sheet offers a complete and detailed, auditable accounting of your guest and owner escrow liabilites, and is certifiable for use by the State of North Carolina.
Chart your ups and downs, season by season, year by year, according to pure rent.
The Rental Summary Report is the best way to look at monthly reservation Client Ledger totals, with each account totalled and showing balances due as a total. Channel booking balances due are shown on a separate line in this report, in addition to having their own report.
At-a-Glance accounting of damage deposits, prepayments, and cancelled reservations that require a forfeit before refunding a balance.
Manage your channel bookings with a detailed page of monies owed, channel by channel.
Examine the quality of your Client Ledgers before sending them on to owners, vendors, and taxes pay screens. Smart disbursal will show you any errors you missed, allowing you to fix them and send them on... You can disburse daily, weekly, or monthly - according to your accounting practices.
The Audit Report keeps a complete list of every single transaction, unique ID, date, time, cash drawer, account, amount, guest, owner, vendor and tax, with descriptions shown as well — filterable, sortable, organizable — within the data-range you set.
Full-blown owner accounting to the nth degree, along with easy balancing, and even print your own 1099s! Many easy ways to automatically add a charge to all accounts or certain accounts. Pay your owners through TCS Reservations with ACH and email their statements.
Pay your contract cleaners, contract maintenance, pest control — anyone who is a vendor to your escrow account, including your commissions and other non-rent fees.
An audit-ready report of taxes owed to each tax authority and serves as the backup documentation for tax payments made online; write checks directly out of TCS Reservations for local lodging taxes. Create Tax Zones (made up of Authorities) and assign to units by location.
Keep as many separate accounts as you need in the Bank Ledgers screen; you will always have the option to pick an account when writing a check ~ easily fix mistakes, edit, and recalculate.
You called us because you lost it, and we'll probably find it in Deleted Transactions List; so comforting!
TCS Reservations internal time clock offers fast and convenient clocking in and out for staff.
Track down the pennies and let TCS Reservations keep your accounting chores to a minimum!
