What VRTrust does

VRTrust is a stand-alone accounting system for short-term rentals. It includes a full general ledger, trust accounting for guest funds and operations accounting for your operating bank and credit card accounts. You do not need a second accounting system.

VRTrust is built for property managers and their accounting partners. Owners do not run their own books in VRTrust. They read their statements in the owner portal.

How the parts fit together

1. Connections bring in reservations from your PMS, payouts from Airbnb and payment processors, and bank records from your banks.
2. Reservations carry the guest charges, payments, fees and taxes of each booking.
3. Deposits apply guest payments to reservations and record merchant fees, reserves and co-host payouts.
4. Fees and commissions split the revenue of each reservation between the owner and you.
5. Expenses record what you pay for an owner or for your own company.
6. Bank reconciliation matches every bank record to a deposit, expense or transfer.
7. Statements summarize each month: an owner statement per listing owner, and a property manager statement for your own revenue.
8. Reports show the general ledger, trial balance, trust reconciliation, profit and loss, balance sheet and guest balances.

Trust and operating accounts

Guest funds sit in your trust account until they are paid to owners, to tax authorities or to you. VRTrust tracks every dollar in the trust account so its balance always matches the bank.

With operations accounting you also connect your operating bank and credit card accounts. They reconcile the same way, and reports show a Trust, an Operating or a combined Company view.

Where to start

The Dashboard opens when you log in. It lists what needs your attention, such as unmatched bank records or reservations with an open guest balance. While your team is onboarding, the VRPilot guide on the side walks you through setup step by step, see Onboarding.