Frequently Asked Questions

  • Ellance Solutions provides monthly bookkeeping, bank and credit card reconciliation, transaction categorization, financial reporting, accounts payable and receivable review, and cleanup and catch-up bookkeeping. We also provide bookkeeping support for e-commerce and Airbnb and short-term rental businesses.

  • Ellance Solutions helps U.S.-based e-commerce and Airbnb/short-term rental businesses keep their books accurate, organized, and up to date. We handle transaction categorization, account reconciliation, and financial reporting, giving business owners clear financial information so they can focus on running and growing their business.

  • Yes. Ellance Solutions provides remote bookkeeping services for U.S.-based businesses. We work with clients online and use cloud-based accounting and business platforms to keep bookkeeping organized, reconciled, and accessible.

  • Ellance Solutions primarily uses QuickBooks Online for bookkeeping and financial reporting. We also work with platforms commonly used by e-commerce and Airbnb/short-term rental businesses, including Shopify, Amazon, eBay, PayPal, Stripe, Square, A2X, Hostaway, Airbnb, VRBO, and Booking.com. These platforms can be integrated into a bookkeeping workflow to help organize transactions, reconcile payouts, and maintain accurate financial records.

  • Our monthly bookkeeping packages start at $200 per month. We offer three service levels based on your business needs and transaction volume: Starter at $200/month, Growth at $350/month, and Professional at $500/month. Cleanup and catch-up bookkeeping is also available based on the condition and complexity of your books.

  • Getting started is simple. Book a free consultation with Ellance Solutions so we can learn about your business, understand your bookkeeping needs, and discuss the right service for you. If you decide to move forward, we'll guide you through the onboarding process and the information needed to get your books organized.

E-Commerce Bookkeeping FAQs

  • Yes. Ellance Solutions helps U.S.-based e-commerce businesses keep their books accurate and organized. We can support transaction categorization, bank and payment-platform reconciliation, and monthly financial reporting for your business.

  • Yes. We help organize and reconcile transactions from Shopify, Amazon, and eBay, including sales, fees, refunds, and payouts. We use appropriate clearing and reconciliation workflows to help ensure your e-commerce activity is accurately reflected in your books.

  • Yes. We reconcile PayPal and Stripe activity, including customer payments, processing fees, refunds, and payouts to your bank account. We use clearing and reconciliation workflows to help ensure payment-platform activity is accurately recorded in your books.

  • We help record and reconcile e-commerce fees, refunds, and chargebacks so they are properly reflected in your books. We can also reconcile these transactions against payment-platform reports and bank deposits to help identify discrepancies.

  • Yes. We reconcile e-commerce and payment-platform payouts to your bank deposits, using clearing and reconciliation workflows to help ensure sales, fees, refunds, and payouts are recorded accurately and without duplication.

  • Yes. We provide monthly financial reports that help you understand your business's financial performance. Depending on your bookkeeping setup and reporting needs, this may include your Profit & Loss, Balance Sheet, and other relevant financial information.

Airbnb & Short-Term Rental Bookkeeping FAQs

  • Yes. Ellance Solutions helps U.S.-based Airbnb and short-term rental businesses keep their books accurate, organized, and up to date. We can support income and expense tracking, account reconciliation, and monthly financial reporting for your rental business.

  • Yes. Ellance Solutions can work with Hostaway and other platforms used to manage short-term rental operations. We can help organize and reconcile reservation, payout, fee, and expense information so that your bookkeeping accurately reflects your rental activity.

  • Yes. We help reconcile payouts from Airbnb, VRBO, Booking.com, and Stripe with your accounting records and bank deposits. This includes reviewing reservation income, platform fees, refunds, and payout amounts to help ensure transactions are recorded accurately and avoid duplication.

  • Yes. We organize and track rental income and expenses by property to give you a clearer view of each property's financial performance. Depending on your bookkeeping setup, this can include rental income, cleaning costs, utilities, repairs, supplies, property management fees, and other operating expenses.

  • Yes. We help reconcile cleaning fees, applicable tax transactions, and property-related expenses with your bookkeeping records. We review the underlying transactions and payouts to help ensure income, expenses, and liabilities are properly recorded and reconciled.

  • Yes. We organize financial information by property to provide clearer insight into the performance of your short-term rental portfolio. Depending on your bookkeeping setup and reporting needs, this may include property-level income, expenses, and profitability information, along with standard financial reports such as the Profit & Loss and Balance Sheet.

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