Bookkeeping and Accounting for Airbnb Hosts

Need a bookkeeper and accountant for your Airbnb hosting venture? We'll manage your books, so you can spend more time delivering unforgettable stays. Try us for free.

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How Bench works with airbnb hosts

Make your Airbnb hosting journey easier with comprehensive bookkeeping, income tax prep, and filing executed by our team of experts—supported by one robust platform. Bench works seamlessly with Airbnb hosts.

We get you set up

Our team dedicates time to thoroughly comprehend your Airbnb hosting operations, responds to your enquiries, assists you in connecting your accounts, and demonstrates how Bench can streamline your bookkeeping tasks.

We do your bookkeeping

Each month, your personal bookkeeper meticulously organizes your Airbnb transactions and prepares comprehensive financial statements. If they require further information from you, they’ll promptly contact you.

We deliver tax-ready financials

Our team of experts is well-versed in the tax regulations pertaining to Airbnb hosting and will tailor their approach to your unique hosting requirements.

Here’s why airbnb hosts like you trust Bench with their bookkeeping and accounting

Get fast, unlimited support from our expert advisors

We provide consistent bookkeeping updates specially tailored for Airbnb hosts. Do you have urgent queries that require immediate attention? Rest assured, we will respond to you within one business day or less.

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screenshot of Bench support app

Guaranteed accuracy in every detail

Our platform enables you to automate data entries from the most popular service providers to minimize common errors. We collaborate closely with major platforms like Airbnb, Stripe, and Square to ensure your financial data is always spot-on. With Bench Accounting, handling finances for Airbnb hosts has never been easier.

See where you’re spending. Make smart decisions

Say goodbye to the hassle of paperwork and long hours spent on manual tracking—we automate inputs directly from your linked accounts. As an Airbnb host, gain insights from one centralized dashboard, making it easy to comprehend the financial status of your property rentals and strategize accordingly.

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Bench integrates with your favorite small business tools

We sync seamlessly with your financial accounts and tools to keep your books up-to-date and save you the time and effort of manually uploading documents.

Trusted by 25,000+ American small business owners

“Bench helped me replace QuickBooks, and save about 6 hours per month of horrible accounting work, which is priceless.”

CHRIS RONZIO

CEO, TRAINUAL
“This is the first year where it’s tax season and I don’t feel anxious one bit.”

DR. BUKKY KOLAWOLE

FOUNDER/EXECUTIVE DIRECTOR, RELATIONSHIP HQ
“Bench has lifted a giant weight off my shoulders and freed up my time so I can focus on earning money and working with clients, meetings and calls.”

HEATHER SHOLL

FOUNDER, THE VILLAGES GYM
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We know bookkeeping for airbnb hosts

Bench understands the unique complexities that come with being an Airbnb host. From tracking income from multiple properties, variable expenses like cleaning and maintenance costs, to understanding specific tax regulations such as the Schedule E form, our professionals and our intuitive software are adept in managing these elements effortlessly. We provide a comprehensive financial picture of your hosting business, identifying costs, profits, and trends that could impact your bottom line, allowing you to be more strategic in your decisions and improving your financial performance.

Our expertise goes beyond basic bookkeeping. Bench is in tune with the specific laws and tax requirements associated with short-term rental properties. For instance, understanding complicated issues like occupancy taxes, rental income taxes, and knowing when and how to deduct expenses on your tax return can be perplexing. We take care of these and ensure your business is tax compliant, saving you from costly penalties. Moreover, we're able to assist with tricky Airbnb-specific issues such as Airbnb's "14-day rule", that might affect your tax situation. When it comes to Airbnb hosting, you focus on providing excellent accommodation experiences, and let Bench handle your books and taxes, understanding every corner of your financial life to maximize profits and minimize tax liabilities.

Simple, straightforward pricing for everything your business needs.

Get bookkeeping, tax prep, advisory, and filing with Bench's powerful, easy-to-use platform.

Choose Plan

Essential

Best for those looking for peace of mind and accurate financials done by professional bookkeepers.
$249/mo

billed annually

Dedicated bookkeeping experts
Accurate monthly books and year-end tax-ready financial packages
P&L, balance sheet and 1099 reporting
Unlimited communication with your bookkeeping team

Premium

Best for those looking for an all-in-one bookkeeping, tax advisory and income tax filing service.
$399/mo

billed annually

Everything in Essential plan
Dedicated team of licensed tax professionals to file your income tax return on time
Annual income tax filing for businesses (partnerships, S corps, C corps)
Annual income tax filing for individuals (sole proprietors, contractors)

Essential

Best for those looking for peace of mind and accurate financials done by professional bookkeepers.
$299/mo

billed monthly

Dedicated bookkeeping experts
Accurate monthly books and year-end tax-ready financial packages
P&L, balance sheet and 1099 reporting
Unlimited communication with your bookkeeping team

Premium

Best for those looking for an all-in-one bookkeeping, tax advisory and income tax filing service.
$499/mo

billed monthly

Everything in Essential plan
Dedicated team of licensed tax professionals to file your income tax return on time
Annual income tax filing for businesses (partnerships, S corps, C corps)
Annual income tax filing for individuals (sole proprietors, contractors)

Frequently Asked Questions

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As an Airbnb host, what kind of expenses can I deduct for tax purposes?

As an Airbnb host, you can deduct a wide variety of expenses for tax purposes. Some of these include:

  • Mortgage interest or rent on the property
  • Utilities such as electricity, gas, water, and internet
  • Insurance premiums for the property
  • Property taxes
  • Homeowner's association fees
  • Cost of furnishing the property
  • Costs related to advertising or promoting the rental property
  • Professional cleaning expenses between guests
  • Service fees charged by Airbnb
  • Expense of maintenance and repairs

Remember, you can only deduct expenses that are directly related to your rental activity. It's recommended to keep your personal expenses separate from your Airbnb expenses to make this easier. Always consult with a tax professional to ensure you're accurately tracking and deducting your expenses.

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How can I accurately track and report my rental income from Airbnb?

Tracking and reporting your rental income from Airbnb can be accurately done by employing a bookkeeping service like Bench Accounting. By syncing your Airbnb account to Bench, all transactions related to your rental income can be tracked and categorized for you. This includes property management expenses, depreciation, repairs, and other deductible expenses. Furthermore, Bench provides you with clear, visual reports that show your income and expenses, making tax time a breeze.

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What specific laws or regulations should I be aware of when it comes to handling taxes for my Airbnb income?

There are a number of tax laws and regulations you need to be aware of when dealing with your Airbnb income. Key areas to consider include:

  • Federal Income Tax: In the U.S., Airbnb income is generally subject to federal income tax, which means you need to report this income on your tax return.
  • State and Local Taxes: Depending on your location, you may also owe state and local income tax on your Airbnb earnings. The specific requirements vary by state and municipality.
  • Occupancy Taxes: Some cities and states assess short-term occupancy taxes that apply to Airbnb rentals.
  • Self-Employment Taxes: If you're considered self-employed (which is often the case if you're regularly renting out property on Airbnb), you may also owe self-employment tax.
  • Depreciation and Expense Deductions: Some of the expenses and depreciation of your rental property may be tax-deductible.

Because tax laws can be complex and vary greatly depending on your situation, we always recommend consulting with a professional to ensure your taxes are handled correctly and in compliance with all relevant laws and regulations.

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Does Bench outsource bookkeeping?

Nope! All bookkeeping is completed in-house.

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Will I have one point of contact?

Your bookkeeper will be your main point of contact, but at times you might hear from another member of your team. This is usually when your bookkeeper goes on vacation, is sick, or otherwise unavailable.

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How much time each month will I have to spend managing my Bench account?

We handle the bookkeeping for you but sometimes we’ll need your input, especially at year-end. On average, expect to spend 15 minutes each month answering questions for your bookkeeper, or uploading supporting docs.

Bookkeeping Services for Airbnb hosts

Sign up for a Bench trial, and get one month free. If you decide to go with us, we’ll take bookkeeping off your plate—for good.

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