SHORT TERM RENTAL
Trust Accounting Experts
Homhero provides the tools and services necessary to facilitate comprehensive, legislatively compliant trust accounting tailored for holiday and short-term rentals in Australia. Our platforms manage complex bookkeeping workflows to streamline your operations, maintain audit readiness, and effectively manage funds.
Our Core Capabilities
Homhero’s dedicated Trust Accounting solution and specialist team offer an unrivaled depth of knowledge and expertise.
Legislative Compliance
Built to strictly adhere to trust accounting legislation and standards across Australia and New Zealand.
Transparent Reporting
Generates audit ready reports and ledgers (Monies Held in Trust) providing a clear digital paper trail.
Invoice Scanning
An automated invoice scanner extracts data from PDF and hand-written invoices, pre-populates details into the system, and queues them directly for payment.
Automated Payments
Homhero automatically manages deposit collection for your bookings. Depending on the booking source and payment method, deposits may be charged automatically at the time of booking or collected through a secure 3DS2-enabled payment request sent to the guest. A booking confirmation receipt is then automatically emailed once payment has been completed.
Streamlined End of Month (EOM)
Automates receipting, disbursement procedures, and third-party creditor statements, allowing agencies to complete End of Month processes in minutes.
In-house Professional Services
We also offer full trust account management services including daily bank reconciliations, end of month preparation and disbursement, managing refunds and resolving out of balance trust accounts.
Integrated Ecosystem Benefits
Homhero’s deep integration with RMS Cloud provides robust and reliable trust accounting capabilities.
Real-Time Data Sync
View transactions, trust trial balance, bank reconciliation, and other fund details at a glance.
Owner Portal
Integrates with Homhero’s live Owner Portal where owners can download their statements, review invoices, and view live availability without contacting the property manager.
Direct Booking & Channel Manager
Connects directly to major OTAs (such as Airbnb, Booking.com, and Vrbo), automatically importing reservations into Homhero and allocating guest payments and other charges directly to your trust accounting ledgers in RMS Cloud, eliminating the need for manual data entry.
Australia’s Only Short-Term Rental Trust Accounting Professional Services Team
Compliance and financial precision are non-negotiable for professional Australian property managers. Homhero treats financials as a core focus, not an afterthought.
An offering unique to Homhero, is the option for professional services provided by our in-house short-term rental accommodation trust accounting specialists. This can be an ideal solution for property managers who find themselves short-staffed. For more information, simply contact one of our friendly team members.
