Barefoot's full trust accounting system is the most flexible and powerful tool in the vacation rental management industry. For over 20 years, our system has been rigorously tested with over $100 million in transactions, ensuring reliability and precision in every financial interaction. We are proud to be North Carolina Real Estate Commission certified, a testament to our commitment to meeting the highest standards of trust accounting.
A well-run trust accounting system is essential to your business's success. With Barefoot, you will always know where your money is, allowing you to manage your finances confidently and transparently. If your exit strategy includes selling your company, you will have all the critical financial information at your fingertips, making the transition smooth and efficient.
Ensure Compliance: Our system is designed to comply with all regulatory requirements, safeguarding your business from potential legal issues. We are NREC certified and help our clients pass every audit.
Maintain Transparency: We provide clear, accessible records of all financial transactions, so you and your clients can trust that funds are handled responsibly.
Build Trust with Clients: A robust trust accounting system strengthens your relationship with property owners and guests, showing them that their funds are secure.
Effective Financial Management: Our industry-leading tools make managing complex financial operations simple and intuitive, freeing you to focus on growing your business.
Prepare for Future Growth: Whether your goal is to expand or sell your business, Barefoot’s trust accounting system gives you the financial clarity you need to make informed decisions.
Choose Barefoot for trust accounting that not only meets but exceeds industry expectations. Our commitment to financial integrity is the foundation upon which your business can build lasting success.
Simply put, trust accounting means that you are managing other people's money, so you are entrusted hold money against future services rendered.
Trust accounting also means that money paid in is fully allocated to be paid out, whether to your operating account (commissions and fees), to the owner, to other vendors (taxes, cleaners, insurance partners, etc) and sometimes to guests and other agents (non- exclusive bookings or third party wholesalers).
Trust accounting is critical to any successful vacation rental management company.
When new clients are onboarded, we go through a rigorous documentation, testing and implementation process. Each client will so that they have insight into where money is including understanding owner/property accounts, advanced payments, vendor payables, and taxes. We build out a complete payable system that includes payments by checks and ACH. Reports in Barefoot will help you understand your liability, revenue pace, and reconciliation.
Our accounting support team audits during the implementation process and evaluates each client’s unique situation and provides recommendations from getting from no or existing trust accounting to Barefoot trust accounting. Once you’re actively using the system we provide as much guidance as you need to make sure that your trust accounting is working for you.
When considering software, remember that trust accounting is the most important aspect of any solution.
"Hutchins Canning & Co, has seen a lot of PM software in its 35+ years operating in a resort community on the coast of North Carolina, where regulations are some of the strictest in the industry. Barefoot Agent 4.0 has some of the most robust trust reporting we’ve seen yet. We give their (property) Trial Balance Report two thumbs up!”
“I spend 90% of my day inside of Barefoot. It is integral to the operation of my company.”
Jeremy Grogg, CEO, Kees Vacation Rentals
