The quick read
Key points
- Use comparable operating periods.
- Reconcile reservations and payouts.
- Keep evidence for each explanation.
Define the season you are comparing
Write down the months, property scope and report basis. Note periods of owner use, closure or renovation. Comparing a partial season with a full year can make an ordinary timing difference look like a performance change.
Keep booking and payout records
Retain reservation, stay, cancellation and payout details from the source provider. Identify advance receipts, refunds and fees for review. A busy reservation calendar does not necessarily equal booked income or cash received in the selected month.
Explain changes from the records
Trace large differences to specific entries and source documents. Separate changes in available nights or operating periods from changes in recorded costs. Do not assign a cause to a graph without evidence from the activity behind it.
Save the review assumptions
Keep the compared reports, scope and explanatory notes together. Use a separate planning file for future occupancy or rate assumptions. IQ reports summarize entered records; this guide does not forecast demand or recommend rental pricing.
Before you finish
- Use comparable operating periods.
- Reconcile reservations and payouts.
- Keep evidence for each explanation.
Keep your next step simple.
Use the product guide for the app workflow, or contact support with your question. Bookkeeping reports are not tax advice; review filing decisions with a qualified professional.