In the previous post I talked about the profit & loss of your short-term rentals and why it is a good idea to keep track of all your expenses.
Basically, you can use an excel sheet, but if you’re using AirCare then you can do this bookkeeping also inside our tool. (By the way: this was a much-requested feature from our users)
As a result, you will also have a nice overview in your dashboard:
I will give a quick overview of how you can log your expenses inside AirCare.
So, first login and select in the main menu (on the left): “Financial” > “Expenses”
The “Expenses” feature will open:
On the top right side of your screen you will be able to select:
• the property: if you have more than 1 property you can keep track of your expenses per property
• the year
• the view: you can choose between “List” or “Quick Edit”, basically these are 2 different ways to view & edit your expenses
The list view is just a simple list of all your expenses (per property and per year):
Press the “Add” button to add new expenses:
The attributes of an expense are:
• the property
• 1 or more categories: you can select previously used categories or create new categories
• an amount
• the date of the expense
• some extra info
You can also use the “Quick edit” view to manage your expenses (select “Quick edit” in the top-right drop down box):
In the “Quick Edit” view you will see all your categories on the left side and all the months of the selected year on top. You can easily add or edit your expenses by clicking on any cell in this grid.
So, the “Quick edit” allows you to input your expenses much more efficient.
The sum of all your expenses will then appear in your rental dashboard. And hopefully you will also see a positive profit in your dashboard 🙂