Upcoming Webinar: Emerging Trends in Accounting and Bookkeeping, Date: 28th June, Time: 11:30 AM EST Upcoming Webinar: Emerging Trends in Accounting and Bookkeeping, Date: 28th June, Time: 11:30 AM EST

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Upcoming Webinar: Mastering Bookkeeping in QuickBooks Online - Advanced Techniques, Date: 14th May, Time: 11:30 AM EST. Upcoming Webinar: Mastering Bookkeeping in QuickBooks Online - Advanced Techniques, Date: 14th May, Time: 11:30 AM EST

Experience Hassle-Free

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Hire Remote Bookkeeper, Accountant , Tax return Preparer or Admin Person

Monthly Bookkeeping, Payroll, Financial Statements or Tax returns for Extraction Industry and Mining Companies
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Hire Remote Team

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Tax Return Filing By Certified CPA / Enrolled Agent

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QuickBooks And Xero Certified Experts

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50% Reduction In Costs

Hire Remote Bookkeeper, Accountant , Tax return Preparer or Admin Person

Monthly Bookkeeping, Payroll, Financial Statements or Tax returns for Extraction Industry and Mining Companies

Accounting 7 2 2
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Quality Driven
Approach

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QuickBooks and Xero Certified Experts

WEB BANNER 000

50% Reduction in
Costs

Part Time/Full Time Resources For

⚪ CPA Firms
⚪ Enrolled Agents
⚪ Bookkeeping Firms
⚪ Tax Practitioners

Hire Remote Team​

Hire Remote Bookkeeper, Accountant , Tax return Preparer or Admin Person

Monthly Bookkeeping, Payroll, Financial Statements & Tax returns for Extraction Industry and Mining Companies
icon12 e1683034486921 1 1

Quality Driven Approach

WEB BANNER 011 1

QuickBooks and Xero Certified Experts

WEB BANNER 000

50% Reduction in Costs

Part Time / Full Time Roles For

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9+

Years Of Success

600+

Happy Clients

1,100+

Completed Project

250k+

Hours Of Experience

20+

Software Used

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Bookkeeping software expertise

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End to End Remote Bookkeeping & Accounting services for Business Owners & Accounting firms

Meru Accounting is a CPA firm providing complete outsource bookkeeping and accounting solutions to CPAs and small & medium-sized businesses across the United States, United Kingdom, Australia, New Zealand, Hongkong, Canada, and European countries.

bookkeeping services
Bookkeeping Service

Regular Management Accounts for your Business, We serve bookkeeping services for different industries.

XeroSetup
Setup Xero/Quickbooks

Set up your accounting software in a day through our checklist, for converting a client from your legacy software to Xero.

CPA
Bookkeeping for CPAs

We help CPAs to reduce 50 % of their cost by outsourcing recurring tasks to us, with trust and security.

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Payroll

We do Payroll for all countries in all software and comply with all tax formalities of the IRS, HMRC, ATO, etc.

Payable Accounting
Payable Accounting

Manage your Payables on daily basis, cost-effectively with reduced invoice discrepancies and disputes.

Icon cash flow
Indirect Tax

We do BAS, VAT, GST101A, Sales Tax, etc. reduce attribution errors and costs, and ensure indirect taxes are handled correctly.

Accounting and Bookkeeping for Airbnb Hosting Business

The Airbnb hosting business has revolutionized the hospitality industry, providing a platform that allows individuals to turn their properties into profitable accommodations for travelers worldwide. This innovative model has not only transformed the way people travel but has also empowered individuals to monetize their unused living spaces, creating a unique opportunity for entrepreneurial homeowners.

Managing finances as an Airbnb host can be challenging as keeping track of income and expenses and Airbnb online transactions is complex. At Meru Accounting, we recognize the distinct challenges faced by Airbnb hosts and have crafted specialized services to address their unique needs. Meru Accounting streamlines your financial processes, allowing you to focus on delivering exceptional hospitality.

Accounting methods for Airbnb Hosting Business

In the Airbnb hosting business, several accounting methods and core aspects are crucial for effective financial management. Here are key aspects of accounting for Airbnb hosts:

How does accounting for the Airbnb hosting business differ from general accounting?

Accounting for the Airbnb hosting business differs from general accounting due to the unique characteristics and operational intricacies of the short-term rental industry. Here are some key differences that set accounting for Airbnb hosts apart from general accounting:

Role of Bookkeeping in Airbnb hosting business

Bookkeeping plays a crucial role in the Airbnb hosting business, offering various benefits that contribute to effective financial management and overall business success. Here are the key uses and roles of bookkeeping in Airbnb hosting:

Income Tracking

Bookkeeping helps hosts track all sources of income, including reservation payments, cleaning fees, and additional services. This ensures accurate recording of revenue generated from each booking.

Expense Management

Hosts incur various expenses, such as cleaning supplies, maintenance, utilities, and property management fees. Bookkeeping allows hosts to categorize and track these expenses systematically, providing a clear overview of operational costs.

Tax Compliance

Bookkeeping is essential for Airbnb hosts to comply with tax regulations. Accurate and organized financial records facilitate the preparation of tax returns, ensuring hosts claim eligible deductions and report income correctly.

Budgeting and Financial Planning

By maintaining detailed financial records, hosts can create budgets and forecasts. This enables effective financial planning, allowing hosts to allocate funds for property improvements, marketing, and other business needs.

Cash Flow Management

Bookkeeping helps hosts monitor cash flow by tracking incoming reservation payments and outgoing expenses. This real-time visibility into financial transactions enables hosts to manage liquidity effectively.

Project Accounting

For hosts managing multiple properties, bookkeeping facilitates project accounting. It allows hosts to track income and expenses for each property separately, providing insights into the profitability of individual listings.

Guest Communication and Documentation

Bookkeeping includes recording communications with guests, such as messages related to bookings, inquiries, and special requests. This documentation can be valuable for dispute resolution and maintaining a positive guest experience.

Property Maintenance Planning

Tracking property-related expenses in bookkeeping helps hosts plan for routine maintenance and repairs. This proactive approach ensures that hosts can address issues promptly, enhancing the overall guest experience.

Performance Evaluation

Bookkeeping enables hosts to generate financial reports, such as income statements and balance sheets. These reports provide a comprehensive overview of the business’s financial performance, aiding in strategic decision-making.

Legal Compliance

Accurate bookkeeping ensures hosts comply with legal requirements, including local regulations and tax obligations. This helps prevent potential legal issues and ensures a smooth operation of the Airbnb hosting business.

Record-keeping for Audits

In the event of an audit or inquiry, well-maintained books serve as a comprehensive record of financial transactions. This documentation provides evidence of income, expenses, and compliance with tax laws.

Business Growth and Expansion

Bookkeeping provides hosts with financial insights that are crucial for scaling and expanding their Airbnb business. It helps hosts identify areas for improvement, assess the viability of new properties, and make informed business decisions.

Why Entrust Meru Accounting for Your Airbnb Bookkeeping?

Partner with Meru Accounting to relieve yourself from complex spreadsheets and tax forms. Here are several reasons why you must consider Meru Accounting for the financial management of your Airbnb rental business:
Your Airbnb Bookkeeping

Conclusion

In conclusion, Meru Accounting stands as an indispensable ally for Airbnb hosts, offering specialized financial services tailored to the unique demands of the short-term rental industry. From expertly navigating tax compliance and managing dynamic pricing strategies to providing comprehensive bookkeeping services, Meru Accounting ensures hosts can focus on delivering exceptional hospitality. This is what makes us a dedicated partner guiding Airbnb hosts to financial success. Contact us now and seamlessly manage finances of your Airbnb business.

Hiring Virtual Accountant With Meru Accounting

Meru Accounting provides world-class services that cater to all the needs of cloud accounting and bookkeeping of your business.

We work on the best accounting software like Xero and Quickbooks, as well as add-ons that will make sure all your work is up-to-date.

Help you with switching from your traditional software to Xero and Quickbooks.

We also manage VAT, BAS, Sales Tax and Indirect taxes for you so you are always ready at the end of the financial year.

When you choose to outsource your accounting work with us, it benefits you in the following ways:

  1. 1. Cost-saving
  2. 2. Access to skilled and experienced professionals
  3. 3. Better management of books of accounts
  4. 4. Decreased chances of errors
  5. 5. Improve business efficiency
  6. 6. De-burdens in-office employee’s dependency
  7. 7. Better turnaround time

We work on virtual technologies like Team Viewer, Virtual Private Network (VPN) to share and access data from your system.
You have to share your accounting software login details.

Through that, we complete all of your work and update it on the cloud, so you can have access to your data from anywhere and at any time.

Software is not a barrier for us. Due to our strong and professional accounting knowledge, we can prepare your books in almost any of the accounting software.

Our experts are always all ears to listen to your queries regarding bookkeeping and accounting or our services. You can contact us anytime by visiting: Contact Us page.

 

We provide our bookkeeping services at the rate of US $10 per hour. So, you only need to pay for the amount of time actual work is done.

 

 

We take certain preventive measures to secure your data, like:

  • Cyberoam Firewall to prevent any kind of foreign threat.
  • Dual-step authentication
  • Implement anti-virus
  • Limit user access so that login details are with a few people.

Meru Accounting work on some of the best accounting software’s like:

  • Xero
  • Quickbooks
  • Netsuite
  • Saasu
  • Wave
  • Odoo

Along with that, we also work with many add-ons like Workflow Max, Receipt Bank, Slack, TradeGecko etc., to extend your software’s capacity and improved work experience.

To book for trial, call us on our numbers or Please fill out the form here.

Our Work Information

We have combined team of Professionals. Seniors are generally Certified Chartered Accountants. Junior Bookkeepers are having Qualifications like Bachelors of Commerce, Masters of Commerce, Masters in Business Administration in the subject of Accounts and Finance, Intermediate level Qualification of Chartered Accountancy, etc.

For information visit our work methodology page.

We prepare a checklist of information required for bookkeeping and send you at timely intervals so as to ensure that we can do bookkeeping faster.

 

We can provide to you once we move ahead in our interview.

We serve clients on MYOB and have expertise working in Essentials, Account Rights Plus, etc.

Yes, We are presently processing Payroll for Number of clients in US , UK and Australia and take care of complete payroll activities.

 

Goods and Service tax (GST) is levied on sales of all the goods and services in Australia. GST is generally chargeable at 10% of value of sales.

 

Business Activity Statement is a predefined form to be submitted to the Australian Tax office by all the business persons in order to report on their all the tax obligations during the period covered.

BAS is generally required to be filed quarterly by various businesses.

Individual Business Owners

Yes, Owner of the business can prepare sign and lodge the tax return on his own. Its not mandatory that the Tax return needs to be signed by an EA or CPA.

No , its not mandatory that it should be prepared by only CPA or EA. It can be prepared by anyone who has PTIN.

We have Enrolled Agent who has the Authority to sign the documents for our clients after completing the through professional check.

 

Meru Accounting has its operational centre in India and hence the prices are quite less as compared to US based CPA’s and Enrolled Agents.

 

Meru Accounting has a team of Tax experts. Each Tax expert prepares around 300-400 Tax returns every year for various CPA’s in United States and Individual Businesses like yours. Due to this vast Experience and Robust Quality Check processes in place we can ensure you about correct Tax planning for your firm.

 

Hiring Virtual Accountant With Meru Accounting

Meru Accounting provides world-class services that cater to all the needs of cloud accounting and bookkeeping of your business.

We work on the best accounting software like Xero and Quickbooks, as well as add-ons that will make sure all your work is up-to-date.

Help you with switching from your traditional software to Xero and Quickbooks.

We also manage VAT, BAS, Sales Tax and Indirect taxes for you so you are always ready at the end of the financial year.

When you choose to outsource your accounting work with us, it benefits you in the following ways:
  1. Cost-saving
  2. Access to skilled and experienced professionals
  3. Better management of books of accounts
  4. Decreased chances of errors
  5. Improve business efficiency
  6. De-burdens in-office employee’s dependency
  7. Better turnaround time

We work on virtual technologies like Team Viewer, Virtual Private Network (VPN) to share and access data from your system.
You have to share your accounting software login details.

Through that, we complete all of your work and update it on the cloud, so you can have access to your data from anywhere and at any time.

Software is not a barrier for us. Due to our strong and professional accounting knowledge, we can prepare your books in almost any of the accounting software.
Our experts are always all ears to listen to your queries regarding bookkeeping and accounting or our services. You can contact us anytime by visiting: Contact Us page.
We provide our bookkeeping services at the rate of US $10 per hour. So, you only need to pay for the amount of time actual work is done.
We take certain preventive measures to secure your data, like:
  • Cyberoam Firewall to prevent any kind of foreign threat.
  • Dual-step authentication
  • Implement anti-virus
  • Limit user access so that login details are with a few people.
Meru Accounting work on some of the best accounting software’s like:
  • Xero
  • Quickbooks
  • Netsuite
  • Saasu
  • Wave
  • Odoo
Along with that, we also work with many add-ons like Workflow Max, Receipt Bank, Slack, TradeGecko etc., to extend your software’s capacity and improved work experience.

To book for trial, call us on our numbers or Please fill out the form here.

Our Work Information

We have combined team of Professionals. Seniors are generally Certified Chartered Accountants. Junior Bookkeepers are having Qualifications like Bachelors of Commerce, Masters of Commerce, Masters in Business Administration in the subject of Accounts and Finance, Intermediate level Qualification of Chartered Accountancy, etc.
For information visit our work methodology page.
We prepare a checklist of information required for bookkeeping and send you at timely intervals so as to ensure that we can do bookkeeping faster.
We can provide to you once we move ahead in our interview.
We serve clients on MYOB and have expertise working in Essentials, Account Rights Plus, etc.
Yes, We are presently processing Payroll for Number of clients in US , UK and Australia and take care of complete payroll activities.
Goods and Service tax (GST) is levied on sales of all the goods and services in Australia. GST is generally chargeable at 10% of value of sales.

Business Activity Statement is a predefined form to be submitted to the Australian Tax office by all the business persons in order to report on their all the tax obligations during the period covered.

BAS is generally required to be filed quarterly by various businesses.

Individual Business Owners

Yes, Owner of the business can prepare sign and lodge the tax return on his own. Its not mandatory that the Tax return needs to be signed by an EA or CPA.

No , its not mandatory that it should be prepared by only CPA or EA. It can be prepared by anyone who has PTIN.

We have Enrolled Agent who has the Authority to sign the documents for our clients after completing the through professional check.
Meru Accounting has its operational centre in India and hence the prices are quite less as compared to US based CPA’s and Enrolled Agents.
Meru Accounting has a team of Tax experts. Each Tax expert prepares around 300-400 Tax returns every year for various CPA’s in United States and Individual Businesses like yours. Due to this vast Experience and Robust Quality Check processes in place we can ensure you about correct Tax planning for your firm.

What Our Clients Say

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What Our Clients Say
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Book a call with Meru Accounting

We Service All Types Of Industries

Construction Industry

Real Estate Industry

Lawyers

Advertising & Marketing Industry

Physicians Doctors Physiotherapist Dentist

Pharma

Online/ ECommerce

Nonprofit Organizations

Franchise Business

Amazon Sellers

Rental Business

Mining Industry

Manufacturing Industry

Information Technology & SAAS Based Companies

Age Care/ Health Care/ Spa & Saloons

Logistics, Transportation & Trucking

Travel, Tourism & Entertainment Industry

Trading /Brokers

Power & Infrastructure

Wholsale & Retail Industry

Gems & Jewelry Retailer & Exporter

Education

Brick & Mortar Industry

Professional Training Business

Consultancy Business

Aerospace Industry

Financial Services

Energy

Restaurant & Hotel Business

Professional Services

Meru Accounting

First Month Bookkeeping Free !

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    First Month Bookkeeping Free !

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