PR Accountants Ltd • Professional Services
Accountants for Serviced Accommodation Businesses
PR Accountants Ltd provides accounting and tax support for serviced accommodation operators across the UK.
We help with bookkeeping, VAT, company accounts, corporation tax, owner statements and property-related accounting.
Serviced accommodation businesses can involve complex income streams, platform fees, cleaning costs, management fees, VAT considerations and property owner arrangements. We help you keep your records clear and organised.
What we can help with
Our service can include:
- Bookkeeping for serviced accommodation income
- Airbnb and Booking.com income review
- Platform fee accounting
- Cleaning and maintenance cost recording
- Owner statement preparation
- Management fee accounting
- VAT review and VAT return support
- Company accounts
- Corporation tax returns
- Property-by-property income tracking
- QuickBooks or Xero setup
- Management reporting
Who this service is for
This service is suitable for serviced accommodation operators, rent-to-rent businesses, property management companies, Airbnb hosts, Booking.com hosts and companies managing multiple short-term rental properties.
See beyond platform payouts
A booking platform payout may be net of fees and adjustments, so accurate accounting often requires the underlying booking information rather than just bank receipts.
We can discuss a consistent approach to cleaning charges, owner statements, property costs and the VAT position for your activities.
Why choose PR Accountants Ltd?
We understand the accounting issues that arise in serviced accommodation, including platform payouts, owner statements, VAT, bookkeeping and property-level reporting.
Clear expectations
We agree the work required, information needed and key deadlines before proceeding.
Practical advice
We help you understand your accounting responsibilities and what requires your attention.
A workable approach
We discuss the tools, records and reporting process appropriate to your activities.
Helpful guides
Read more on common questions relevant to this service.
VAT for Airbnb and Serviced Accommodation · Rental Property Record Keeping · Repairs vs Improvements
Information we may need
We will confirm the exact documents during onboarding. Depending on your circumstances, these may include:
- Booking platform statements and reservation exports
- Guest receipts, refunds, cleaning fees and platform charges
- Property owner or landlord agreements
- Utility, furnishing, repairs and service invoices
- Bank statements and VAT records where applicable
Frequently asked questions for this service
Why do platform payouts differ from booking revenue?
Payouts may be net of platform commissions, refunds, taxes or adjustments. Proper bookkeeping often starts from reservation-level information, not only deposits into the bank account.
Can you help with several serviced accommodation units?
Yes. Property-by-property reporting can help analyse performance and expenses, subject to the information available from booking platforms and your records.
Is serviced accommodation automatically exempt from VAT?
No. Short-stay accommodation can have different VAT treatment from ordinary residential letting. The circumstances and supplies need reviewing carefully.
Can you help with rent-to-rent bookkeeping?
Yes. We can discuss rental payments, booking receipts, furnishings, management fees and other costs and agree a consistent accounting treatment.
Need an accountant for your serviced accommodation business?
Contact PR Accountants Ltd today to request a quote. We can discuss your needs and what information will be required.
info@praccounting.co.uk | 0330 043 0792 | WhatsApp 07946 617369