Guesty releases trust accounting solution for Australia and New Zealand

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Australia/New Zealand: Guesty has launched a trust accounting solution designed for short-term rental property managers in Australia and New Zealand.

The company said the system has been developed to comply with trust accounting regulations in Queensland.

Trust accounting rules in Australia require property managers to keep client funds in dedicated accounts and maintain detailed financial records.

Guesty said the new solution integrates trust accounting directly into its property management software, allowing users to manage financial operations within a single system.

The trust accounting infrastructure was developed in collaboration with an Australian trust accounting auditing firm and draws on nearly 30 years of local expertise, Guesty said.

Yoav Tourel, managing director for APAC at Guesty, said the launch aims to simplify one of the most challenging parts of running a property management business in the region.

He said the company worked with auditors and industry specialists to build a system that meets regulatory requirements while making financial management easier for operators.

Highlights:

Guesty has launched a fully compliant trust accounting solution for short-term rental property managers in Australia and New Zealand.

The system is designed to align with Queensland trust accounting regulations.

The new solution integrates trust accounting directly into Guesty’s property management software, allowing operators to manage finances, reporting and portfolio performance in one system.