If you’re managing vacation rental properties and need a trust accounting solution that’s flexible, robust, and easy to use, VRTrust offers significant advantages over GetClearing.co. Here’s why:
1. Full-Functioning General Ledger with Double-Sided Accounting
Unlike GetClearing.co, VRTrust features a complete general ledger with double-sided accounting entries. This ensures:
- Accurate financial tracking and reporting.
- Compliance with trust accounting regulations.
- Professional-level accounting tools for revenue recognition, expense management, and audit trails.
With VRTrust, you gain access to a comprehensive accounting platform, not just a financial management tool.
2. Built by Industry-Leading Accounting Experts
VRTrust is created by accounting professionals with extensive experience in the vacation rental industry. This expertise is reflected in:
- Tailored solutions for trust fund management and owner reporting.
- Compliance-ready features to meet industry standards.
- Workflows optimized for in-house and external accountants.
GetClearing.co’s more generalized approach lacks the depth and precision of VRTrust’s accounting expertise.
3. Flexibility to Work with Any Bank
VRTrust offers unrestricted banking options, allowing you to work with any bank account worldwide. This provides:
- Freedom to maintain existing banking relationships.
- Global compatibility for businesses operating across regions.
In contrast, GetClearing.co restricts users to specific clearing bank accounts, which are only available in the United States, limiting flexibility and scalability.
4. Designed for Simplicity and Non-Accountants
VRTrust is built with ease of use in mind, ensuring even non-accountants can navigate the platform effortlessly. Key benefits include:
- Automated workflows that handle invoicing, revenue splits, and owner payouts.
- An intuitive interface that eliminates the complexity of traditional accounting software.
- Pre-configured tools for short-term rental accounting.
This focus on simplicity ensures VRTrust empowers property managers to confidently handle their accounting without needing advanced expertise.
5. Tailored Automation for Short-Term Rentals
VRTrust automates essential tasks unique to vacation rental property management, such as:
- Generating invoices directly from reservation or payout data.
- Automatically calculating management fees and owner payouts.
- Reconciling reservations with bank transactions before revenue is included in owner statements.
GetClearing.co doesn’t offer the same level of tailored automation, leaving users with more manual processes to manage.
6. Scalable and Global Solution
Whether you operate in one country or multiple regions, VRTrust is built for scalability. Unlike GetClearing.co, which is designed for U.S.-based users, VRTrust supports businesses around the world, ensuring your accounting platform grows with you.
In Summary VRTrust delivers:
- A full-functioning general ledger for advanced trust accounting.
- Expertise from industry-leading accounting professionals.
- Compatibility with any bank, ensuring global flexibility.
- Intuitive, automated tools that simplify accounting for short-term rentals.
When compared to GetClearing.co, VRTrust provides the depth, automation, and ease of use vacation rental property managers and accountants need to succeed.
Discover the difference with VRTrust today at www.vrplatform.app
