Monthly Owner statements are automatically generated for every Property that has an Owner and Reservation commission.

To get started with Owner statements, a simple onboarding flow will bring you through all of the necessary steps.

An Owner is the Individual or Company that the Owner statement will be addressed to. Owner statements are generated automatically and sent manually, so you will always have an opportunity to review the Owner statement before you choose to share it with the Owner.

Next, select the properties that belong to that Owner. You can select as many properties as you like, and an Owner statement will be generated for each.

The Reservation commission agreement is associated with the Owner's Properties, and has several components.

Give your agreement a name, so you can recognize it in case you need to apply it to new properties in the future. For example, you might have a few tiers of property management services you offer, and can name your agreements as such (e.g. Basic property management and Premier property management). This name is internal to you.

Earnings are determined per reservation, and can combine percentage-based commission, guest fees split between you and your owner, flat fees charged to the owner and pass-through taxes.

This is the percentage-based commission charged on the reservation, and can be made platform-specific. You can charge commission on accommodation after discount (recommended!), on the payout amount, or define a custom way that works for your business.

Tell us how you split the reservation fees (or not!) between you and your owner. If you do something custom for each fee, choose 'Custom' and let us know the percentage of each fee you keep.

You can optionally charge the Owner a flat fee per reservation, and make that specific per platform. If you charge a flat fee to the Owner, click 'Include flat fee' and tell us the amount (in your property's currency).

Last but not least, let us know who is responsible for remitting any pass-through taxes. If any pass-through taxes are present on a reservation in a given month, we'll display that on the Statement if the Owner is receiving that as a part of their payment, and is responsible for remitting them to the tax authorities.

To view your Statements, go to Operations > Owner statements > Statements.

Once an Owner and Reservation commission are created for a property, Statements will be generated automatically. By default, we generate Statements for the previous calendar month, and the current and future months if reservations and transactions exist for that month.

When a month closes, the Statement for that month moves to the In Review tab. Statements in this tab are done receiving reservation, but Transactions can be added and a new Reservation commission agreement can be applied if necessary.

When you've confirmed the Statement looks good, it's time to Publish! Publishing a Statement locks in all of the data and allows you to download the Statement in PDF form to share with your owners. Once you Publish a Statement, it cannot be modified.