About Xero:
Xero provides cloud-based accounting software for small and medium-sized businesses, primarily in New Zealand, Australia, and the UK. It automates many day-to-day tasks like paying bills and managing expenses, and it keeps you up to date on your financial performance by allowing you to connect to bank feeds, payment processors, and payroll software.
The Integration:
For teams who want automated trust accounting, customizable owner statements, and flexible controls over commissions, owner splits, and fees, VRTrust can post reconciled data directly into Xero, so you get a clean copy of your books without re-entering or reconciling anything a second time.
Workflows Include:
VRTrust allows users to select a default currency from a list of international options, including (but not limited to): USD, Pound Sterling, Euro, Peso, Krona, Rupee, and more.
Yes! VRTrust is specifically designed as an all-in-one trust accounting solution for short-term rentals. Key features include: a full-functioning general ledger that supports trust balance reconciliation; three-way reconciliations between bank ledger balance, bank statements, and owner balances; and reports that help you reconcile your trust bank balance with balances due to owners, guest advance deposits, vendor liabilities, and money due to the property management company.
VRTrust tracks owner balances as reservations, payments, expenses, adjustments, and payouts move through the system, giving teams a clearer view of what each owner is owed.
Yes! Operations Accounting (OPEX) is how VRTrust handles your management company's own books separate from the trust funds you hold for owners. It gives you a full general ledger, bank feeds, and reporting for your operating bank accounts, so you can track company revenue and expenses with the same rigor as owner trust accounting, all in one system instead of a second piece of software.
