Recording deposits ensures your short-term rental finances are accurate and provides a clear record of what has been collected, making tax reporting much easier. Hosts can create and manage multiple bank accounts in the Financial area under Settings, with encrypted account numbers securely stored within the system, and automatically associate imported deposits with the correct bank account using external identifiers. Stripe, Lynnbrook Group, and Airbnb deposits can be organized, filtered, and bulk-edited by bank account and are linked to the associated bookings.
OwnerRez has no direct connection to the banking system and can only track and calculate your booking financials (e.g., payments, deposits, refunds, etc.).
Add your bank account by navigating to Settings > Financial > Bank Accounts > + Create Bank Account.
On the Deposits grid, you can select one or more individual deposits and associate a bank account with each deposit by clicking the Set Bank Account button.
In the Set Bank Account pop-up, select your desired bank account from the Bank Account dropdown list, then click Set Bank Account.
When manually changing or recording deposits, hosts can now select the associated bank account (or add a new one) from the Bank Account dropdown list.
Hosts can filter by bank account by clicking the Filter button in the Deposits grid, selecting the bank account from the Bank Account dropdown list, and clicking Apply.