1. Generate Comprehensive Financial Reports

Understanding your financial performance is the foundation of effective year-end planning. CiiRUS makes it easy to generate detailed reports that summarize revenue, expenses, and profits for the entire year. Whether you need reservation lists, revenue reports, or expense breakdowns, you can quickly pull the data you need to analyze your performance.

You can also categorize income and expenses to simplify tax preparation and gain valuable insights into your financial health. These reports not only make it easier to close the books on 2024 but also empower you to make informed decisions for 2025.

Why It Matters: Clear financial data helps you identify areas of growth, track expenses, and prepare for tax season without the last-minute scramble.

2. Annual Owner Statements & Tax Reports

Transparency with property owners is essential, and year-end is the perfect time to demonstrate their property’s success. With CiiRUS, you can generate detailed annual owner statements that summarize revenue, fees, and payouts, ensuring owners have a clear picture of their property’s performance throughout the year.

Additionally, CiiRUS streamlines the preparation of tax documents like 1099s and 1042s, saving you time and reducing the stress of tax season. These professional, accurate reports build trust with owners and ensure compliance with tax requirements.

In case you missed it, CiiRUS now offers the ability for you to unfinalized your owner statements instandard accounting. No more frustration if you finalize a statement before realizing you still needed to make changes. You can read more about how to use this feature here.

Why It Matters: Organized and transparent reporting strengthens owner relationships and positions your business as professional and reliable.

3. Review Booking Trends & Channel Performance

What worked in 2024? Reviewing your booking data and channel performance is key to optimizing your strategy for the year ahead. CiiRUS provides reports like occupancy summaries and revenue breakdowns by channel, helping you identify your top-performing platforms—whether it’s Airbnb, Vrbo, or direct bookings.

With year-over-year comparisons, you can pinpoint trends, highlight growth opportunities, and make data-driven decisions to improve occupancy and revenue in 2025. Understanding where your bookings are coming from allows you to focus your marketing efforts where they matter most.

Why It Matters: Insight into channel performance helps you refine your distribution strategy, maximize revenue, and capitalize on new opportunities.

4. Maintenance and Work Order Summaries

A well-maintained property leads to happy owners and guests. As the year comes to a close, use CiiRUS togenerate summaries of all maintenance requests, work orders, and associated costs from 2024. This provides a comprehensive overview of property care throughout the year, allowing you to evaluate costs and plan budgets for 2025.

By sharing these summaries with property owners, you can reassure them that their investments are being properly maintained. It also helps you anticipate future maintenance needs and allocate resources effectively.

In case you missed it, you can also now set up recurring work orders within CiiRUS. For example, say you need to set a task to have an A/C filter replaced every month; you can now automate this repeating task in CiiRUS with one simple setup. You can read more about recurring work orders here.

Why It Matters: Detailed maintenance reporting demonstrates your commitment to property care and supports budget planning for the new year. They can also help show you the areas you might want to focus on for maintenance for your property in 2025.

5. Listing Optimization & Planning for the Year Ahead

The start of a new year is the perfect time to refresh and optimize your property listings. With CiiRUS, you can ensure your listings are ready for the upcoming high booking season by updating photos, descriptions, and amenities. Take this opportunity to set upearly-bird promotions or discounts to attract guests for 2025.

Optimized listings not only improve visibility on booking platforms but also increase your chances of converting lookers into bookers! Use your year-end insights to showcase what makes your properties stand out and capture more revenue in the new year.

Why It Matters: A refreshed and optimized listing strategy positions your properties for success in the competitive vacation rental market.

Your Year-End Checklist

To help you close out 2024 and prepare for 2025, here’s a simple checklist to ensure you’ve covered all the essentials:

• Generate year-end financial reports to get insights into what worked and what didn't in the prior year
• Close out the year with your annual owner statements and tax reports, including 1099 and 1042
• Compare your channel performance and make informed decisions about your distribution strategy for the new year
• Review your property care checklists and ensure there are no unsolved issues at the properties, and everything is in great condition at the end of the year
• Optimize your listings to capitalize on high booking season in January

By following this checklist and leveraging CiiRUS’ powerful tools, you can wrap up the year efficiently and confidently. Not sure how to get started on the above essential tasks with your current solution? Let CiiRUS help! Get in touch with us.

Let’s Make 2025 Your Best Year Yet!

CiiRUS is here to simplify your year-end tasks and set you up for success in the year ahead. Whether it’s generating financial reports, preparing tax documents, or optimizing your listings, our tools are designed to make property management seamless. 2024 introduced some amazing new features and changes in CiiRUS. Read more about our best new features here, and watch Tyler and Leah’s webinar from November in which they go over these new tools and Josh shows a sneak preview at the incredible system changes coming in 2025.

Let’s close out 2024 strong and start 2025 with clarity, confidence, and a strategy for growth. Readyto wrap up your year with ease? Let CiiRUS help you achieve your goals—and beyond!

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