Financials Report

The Financials report turns your bookings and costs into a proper bottom line. Where the Revenue report shows top-line income, Financials subtracts the costs of doing business -- commission, payment fees and expenses -- to show what you actually keep, and summarises the tax you've collected. Use it to understand profitability and to prepare figures for your accountant.

Accessing the Financials report

1. Click Reports in the sidebar.
2. Select Financials.
3. Choose your date range and, optionally, a specific listing.

Profit & loss

A full profit-and-loss statement for the selected period, built from the top down:

Income

• Revenue (gross) -- the full booking value your guests paid.
• Refunds -- amounts refunded, subtracted from gross.
• Net revenue -- gross revenue minus refunds.

Costs

• OTA commission -- what Airbnb, Booking.com and other channels kept.
• Payment fees -- processing fees on online payments (e.g. Stripe).
• Expenses -- your recorded expenses for the period.
• Total costs -- the three cost lines added together.

Net operating income (NOI) -- net revenue minus total costs. This is your bottom line: what's left after the direct costs of running your rentals.

A per-property table breaks Revenue, Costs and NOI down for each listing, so you can see which properties are the most profitable -- not just which earn the most.

TIP

Net operating income differs from the Revenue tab's headline number. Revenue shows gross income; Financials shows what remains after commission, fees and expenses. A property can top the revenue chart yet trail on NOI if its channel commission or expenses are high.

Tax breakdown

A summary of the tax and statutory fees contained in your bookings. This card appears when there is tax to report:

• VAT -- broken down by rate, showing the taxable base and the VAT amount for each rate.
• Tourism tax -- any city or tourist tax collected.
• Other fees -- other statutory charges.

These are amounts you have collected on behalf of the authorities, not income you keep -- which is why they sit in their own card rather than in the profit & loss. Use this breakdown when preparing a VAT return or a tourism-tax filing.

How to use the Financials report

• Track true profitability. Watch net operating income, not just revenue -- it's the number that reflects your actual earnings.
• Compare listings fairly. Use the per-property NOI to spot properties whose costs eat into otherwise strong revenue.
• Prepare for filing. Pull the tax breakdown for the relevant period and export your data for your accountant.

Related

• Reports Overview -- Introduction to the Reports module
• Revenue Report -- Top-line income and trends
• Forecast Report -- Confirmed revenue and cashflow ahead
• Exporting Data -- Download report data as CSV