SHORT TERM RENTAL ACCOUNTANT

Job Description: Short-Term Rental Accounting Specialist (Canada)

Position Overview:
We are seeking a skilled and detail-oriented Short-Term Rental Accounting Specialist to join our team. The ideal candidate will have expertise in managing financial aspects related to short-term rental properties listed on platforms such as Airbnb, VRBO, Marriott Bonvoy, and private stays across Canada. The role primarily involves reconciling accounts, overseeing trust accounting, managing payroll, ensuring accurate tax remittances (including GST, PST, MRDT, hotel taxes), conducting monthly and quarterly financial reporting, and demonstrating proficiency with the Ximplifi accounting platform.

Responsibilities:

Reconciliation: Maintain accurate and up-to-date records by reconciling financial transactions from various short-term rental platforms, ensuring consistency and accuracy.

Trust Accounting: Manage trust accounts for rental properties, ensuring compliance with regulations and maintaining a clear and transparent accounting trail.

Payroll: Oversee payroll operations for rental property staff, ensuring timely and accurate compensation distribution.

Tax Remittances: Prepare and remit taxes as required, including GST, PST, MRDT, hotel taxes, and other applicable taxes, adhering to government regulations and deadlines.

Financial Reporting: Generate monthly and quarterly financial reports that provide insights into property performance, revenue, expenses, and profitability.

Credit Card Reconciliation: Regularly reconcile credit card transactions associated with short-term rental operations, identifying discrepancies and addressing any issues.

Ximplifi Expertise: Leverage expertise in Ximplifi or similar accounting software to streamline processes, manage financial data, and enhance efficiency in reporting and analysis.

Compliance: Stay current with local and federal regulations pertaining to short-term rentals, taxes, and financial reporting, ensuring full compliance at all times.

Communication: Collaborate effectively with property managers, owners, and relevant stakeholders to communicate financial updates and address inquiries.

Problem Solving: Identify and resolve any discrepancies, inconsistencies, or errors in financial records promptly and accurately.

Process Improvement: Continuously evaluate existing accounting processes and recommend improvements to enhance accuracy, efficiency, and effectiveness.

Qualifications:

Bachelor’s degree in Accounting, Finance, or a related field.
Experience: Minimum of [X years] experience in accounting roles, with specific experience in short-term rental accounting and financial management.
Platform Expertise: Proficiency in managing financial aspects of short-term rental platforms such as Airbnb, VRBO, Marriott Bonvoy, and private stays.
Tax Knowledge: Thorough understanding of Canadian tax regulations related to short-term rentals, including GST, PST, MRDT, and hotel taxes.
Ximplifi Proficiency: Strong working knowledge of Ximplifi or similar accounting software, with the ability to navigate and utilize its features effectively.
Detail-Oriented: Meticulous attention to detail, ensuring accuracy in financial records and reporting.
Communication: Excellent verbal and written communication skills to interact with various stakeholders.
Analytical Skills: Strong analytical and problem-solving skills to identify and address discrepancies and inconsistencies.
Team Player: Collaborative attitude, with the ability to work effectively within a team environment.
Adaptability: Flexibility to adapt to evolving processes, platforms, and regulations in the short-term rental industry.
Time Management: Effective time management skills to handle multiple tasks and meet deadlines.
Application Process:
If you are a highly organized and experienced accounting professional with a strong background in short-term rental accounting and Ximplifi proficiency, we invite you to submit your resume, cover letter, and relevant references to [email address]. Please outline your relevant experience, your familiarity with short-term rental platforms and tax regulations, and your expertise with accounting software in your cover letter.