Accounting Partners
15 articles
- What is an Accounting Partner?Learn what it means to become an accounting partner, the benefits, and how partner accounts differ from standard property manager accounts in VRTrust.
- How Accounting Partner Billing WorksAccounting Partner discount tiers, partner-billed vs. direct-billed teams, and team subscription minimums
- What You See vs. What Owners See: A Side-by-Side GuideWhat property owners see in their portal versus what admin users see in VRTrust, side by side.
- How to Update Your Payment Method (Accounting Partners)Update the card on file for your Accounting Partner console under Team Settings.
- Accounting Partner Console OverviewThis article gives an overview of the accounting partner console and relevant features found there
- Setting Up a New TeamHow to set up a team (for accounting partners only)
- How Historical Owner Statement Migration Works in VRTrustUnderstand how legacy owner statements are imported and mapped when migrating to VRTrust, and what to expect afterward.
- Sales & Lodging Tax Adjustments in VRTrust: A QuickBooks ComparisonWhy tax-collected-vs-remitted adjustments are entered as line items on a bank expense transaction in VRTrust instead of a standalone journal entry, and how that differs from QuickBooks.
Migrating Teams to VRTrust
Help articles and guides to ensure a smooth transition from our legacy platform to VRTrust.
- Migrating to VRTrust: The Complete Guide for Accounting PartnersA resource hub for accounting partners migrating their teams to VRTrust
- How to duplicate a VRPlatform team and create a new VRTrust team (for accounting partners)Learn how to duplicate an existing team from the legacy platform and automatically generate a new VRTrust environment with ownership structures carried over.
- Reassigning Products and Services Before Retiring QuickBooks Accounts (VRTrust Migration)Move every QuickBooks product/service off an account you're retiring and onto a generic sales account before you deactivate that account.
- Deleting Future Invoices & Bills from QuickBooks When Switching to VRTrustRemove invoices and bills dated after your VRTrust Go-Live date, then journal the remaining guest deposit balances to Trust Liabilities.
- Voiding Invoices and Bills in QuickBooks When You Switch to VRTrustHow to void reservation invoices and commission/management fee bills in QuickBooks Online dated on or after your VRTrust Go-Live date, and clear the applied payments with a journal entry to…
- Journaling Out Trust Liabilities in QuickBooks When You Switch to VRTrustBring your QBO trust liability accounts down to zero once VRTrust becomes the system of record, so the balance doesn't sit stale and the accounts are ready to deactivate.
- Deactivating the Old Chart of Accounts After Migrating to VRTrustThe last step in a QBO wind-down: confirm nothing still points to the old accounts, then make them inactive.