At Payumo Capital, we make property accounting for your vacation rentals easy and efficient. Leave the numbers to us, so you can focus on what truly matters—your guests and your property.
Explore Our Services
Due Diligence
Perform a financial analysis to gain a better understanding of your current property accounting process, including identifying any inconsistencies, discrepancies, and complexities. Inform you of any opportunities for improvement.
Prior Period Clean-Up
Handle any prior period clean-up identified during the due diligence process to ensure financial accuracy.
Trust Accounting Bookkeeping
Handle the day-to-day recording of financial transactions to maintain accurate and up-to-date financial records. Manage and reconcile accounts payable and accounts receivable, ensuring timely payments and collections.
Monthly Reporting
Prepare and deliver monthly financials, including owner statements, income statements, balance sheets, and cash flow statements, to provide a clear overview of your company's financial position.
1099 Tax Preparation
Ensure vendor and owner information is updated to facilitate 1099-NEC and 1099-MISC processing with the IRS each year.
Bank Reconciliations
Reconcile trust bank account every month.
Financial Analysis
Provide financial analysis and insights to help you make informed business decisions, assess profitability, and identify opportunities for improvement.
Tips and Recommendations
Stay Organized: Maintain clear and consistent records to simplify financial reporting.
Monitor Cash Flow: Regular cash analysis helps you anticipate expenses and seize investment opportunities.
Stay Compliant: Keep vendor information up to date for seamless 1099 processing.
Break Down Expenses: Categorize repair, maintenance, and utility expenses for better financial insights.
Schedule Regular Reviews: Monthly reports provide a snapshot of your financial health—don’t wait until year-end!
