Why Keep A Management Kitty?

Why Keep A Management Kitty?

Owner-only-kittyKittyKitty is used for lack of a better word. It is shown as Cash Flow on the Income Sheet. is kept to cover management costs. We must correct an issue (maintenance, DSTV, electricity, gas, or other) when it occurs.

1. A few owners tend to forget to pay their monthly accounts. When this happens you don’t want to let the guests suffer because the owner is asleep.
2. Other times, maintenance is required, and getting money from the owner to pay or waiting for a booking to pay is not clever.

Note: Your Cash Flow statement is up to date 24/7 and shows you at any time what is in the kitty and what money is outstanding at any time.