Setting Up Your Business Model
The Business Model defines how revenue is calculated and how your management fee is structured. Think of it as a reusable template: you configure it once and assign it to as many properties as needed. This makes onboarding new properties much faster, since you're not rebuilding the same fee logic from scratch every time.
Creating a Business Model
Navigate to Accounting → Business Models and click + New Business Model. Give it a name that makes it easy to identify (e.g., "Standard 20% — US Properties" or "EU VAT Model").
The Management Fee Formula Builder
This is the most significant new capability in the Business Model. Instead of being limited to a single calculation base, you can now build your own formula by choosing exactly what goes into it.
Step 1: Choose your base revenue
Select which revenue components to include in the calculation base:
|
Option |
What it includes |
|---|---|
|
Rent only |
The nightly rental amount only — no fees, no taxes |
|
Rent + fees |
Rent plus any additional fees (e.g., pet fee, late check-out) |
|
Rent + fees + taxes |
The full gross guest payment before any deductions |
Step 2: Apply deductions (optional)
Choose which costs to subtract from your base before calculating the fee:
- OTA commissions (e.g., Airbnb, Booking.com)
- Payment processor commissions
- Jurny commission
- Markup (if applicable)
The amount remaining after deductions is your calculation base — this is the number your management fee percentage applies to.
Step 3: Set your fee structure
- Percentage-based — Enter a percentage. This is applied to the calculation base you built in Steps 1 and 2.
- Fixed fee — Enter a flat dollar/euro amount per statement period.
Step 4: Cleaning fee inclusion (optional)
Decide whether cleaning fee revenue should be included in the management fee calculation base. In some markets, cleaning is a taxable service and the management fee should apply to it; in others it should be excluded. This is configurable per Business Model.
Tax on Management Fee
For property managers operating in VAT, GST, or similar tax environments, you can add a tax line to the management fee.
Enable the Tax on management fee toggle and enter:
- The tax percentage (e.g., 20%)
- A label (e.g., "VAT 20%" or "GST 10%")
When enabled, the statement renders an additional line between the management fee and expenses showing the tax amount. This reduces the owner's net payout and makes the statement function as a tax invoice for the management service.
Example — EU market with 20% VAT:
|
Line item |
Amount |
|---|---|
|
Gross revenue |
€2,000 |
|
OTA commission |
−€200 |
|
Net revenue |
€1,800 |
|
Management fee (20%) |
−€360 |
|
VAT on management fee (20%) |
−€72 |
|
Expenses |
−€100 |
|
Owner payout |
€1,268 |
Example — US market (no VAT, default):
|
Line item |
Amount |
|---|---|
|
Gross revenue |
$2,000 |
|
OTA commission |
−$200 |
|
Net revenue |
$1,800 |
|
Management fee (20%) |
−$360 |
|
Expenses |
−$100 |
|
Owner payout |
$1,340 |
The system defaults to the no-tax scenario (Scenario A). The tax on the management fee field is optional and only affects the statement when explicitly enabled.
Assigning a Business Model to a property
Once created, assign the Business Model to multiple properties. Changing a Business Model updates all agreements that reference it going forward — it does not affect statements that have already been sent.