BnB Panel — Bookkeeping & Taxes FAQ

Question 1

Is BnB Panel a replacement for an accountant?

Accepted Answer

No. BnB Panel is the clean ledger your accountant wants at year end - categorised expenses, payment status, and per-property net profit. It is not a tax-filing product.

Question 2

Does it work for vacation rentals listed on multiple platforms?

Accepted Answer

Yes. Import CSVs from Airbnb, VRBO, and Booking.com, and add Expedia, TripAdvisor, agency channels, or your own website via the manual grid. Bookings and expenses unify under one property.

Question 3

Can I track owner payouts vs gross revenue?

Accepted Answer

Yes. Platform service fees and commissions are auto-extracted into the expense ledger, so the dashboard shows what actually lands in your account - not just gross booking value.

Question 4

What if I manage short term rentals for multiple owners?

Accepted Answer

Each property has its own ledger and dashboard. Filter expenses and net profit by property to produce owner statements without re-keying numbers.

Question 5

What records do I need to keep for short-term rental taxes?

Accepted Answer

In most jurisdictions you need dated proof of rental income per property and dated receipts for the costs you deduct, kept for several years. BnB Panel stores every imported booking with its platform reference and dates, plus every expense with a date, category, amount, payment status and the property it belongs to, so the underlying records are already itemised when your accountant or tax authority asks.

Question 6

Which Airbnb expenses are usually tax-deductible?

Accepted Answer

Typically the costs of running the listing: cleaning and laundry, consumables, utilities and internet for the let period, repairs and maintenance, insurance, platform host fees and commissions, software, and professional fees. Capital improvements and personal-use periods are treated differently, and rules vary by country, so confirm the treatment with a qualified accountant — BnB Panel categorises the spend, it does not give tax advice.

Question 7

Can I produce a profit and loss statement for my tax return?

Accepted Answer

Yes. The income statement export gives revenue, expenses by category and net profit for any date range, per property or across the portfolio,

Question 8

Does BnB Panel calculate or file my taxes?

Accepted Answer

No. BnB Panel is not a tax product and does not calculate VAT, sales tax, occupancy tax or income tax liabilities. It produces the clean, categorised ledger and P&L that whoever files your return needs.

Vacation Rental Bookkeeping