Trust Accounting
LMPM’s revolutionary real-time trust accounting system simplifies bookkeeping, offers unrivaled month-end processing, and helps you stay compliant.
Better bookkeeping.
LMPM allows you to track all revenue and outgoing costs associated with bookings. This isn’t simply a matter of logging transactions, our trust accounting system contains a chart of accounts, a general ledger, and automatically creates double entry journal entries so you can spend less time managing your books.
Keep track of bills, owner payments, and more.
Our trust accounting system keeps track of bills, accounts payable, owner payments, and booking revenue. LMPM provides month-end summary reports that can be entered into your corporate accounting system like QuickBooks or Sage.
Accounting doesn’t need to be so complicated – we’ll show you how LMPM simplifies financials in an in-depth demo
Unrivaled month-end processing.
LMPM’s one-click month-end processing reviews every booking, fee, charge, and experience. Our property management software with accounting functionality will automatically identify any errors on your owner statements so you can fix them – this alone can save your business a massive amount of time.
Owner accounting made simple.
LMPM keeps track of everything when it comes to owner accounts – splits, contracts, revenue, and costs – to simplify how you manage their financials. You can check your owner statements as many times as you want before closing out the month. Once you do, owner statements are automatically added to the Owner Portal.
It’s all about efficiency.
We’ve built our trust accounting system to be extremely efficient. You can quickly see payments owing or overdue, as well as accounts payable. Live streams of accounting data allow multiple users to use the system at the same time.
Our trust accounting system updates all users in real-time no matter how many bookkeepers, accountants, housekeepers, or maintenance staff are using it.
LMPM is packed with features to help busy property management companies run smoothly.
Track revenue and outgoing costs associated with your bookings. See overdue payments, perform month-end processing and bank reconciliation, and generate monthly statements for owners and tax purposes.
Take bookings directly from your LMPM website, powered by WordPress. Booking data seamlessly flows into LMPM.
List your properties on online travel agencies (OTAs) like Vrbo and Airbnb, and manage your listings from within LMPM.
Split revenue between owners and your company, and store legal documents so they never get lost. Owners can view property performance, make bookings, and download monthly statements from LMPM’s online Owner Portal.
Automate work orders to increase efficiency and ensure things happen exactly as they should.
Send emails to guests from inside LMPM and view their replies in a unified inbox that aggregates emails and inquiries from all channels as well as your LMPM website.
Use LMPM’s built-in customer relationship management (CRM) functionality to track guest preferences and customize their stay. Using our CRM is easy – it’s part of the flow of our software.
Quickly put together trips that involve multiple properties, add-ons, fees, and/or experiences.
LMPM comes with eSign rental agreements for you to manage, track, and centralize your legal needs.
A built-in dashboard shows real-time occupancy and sales performance data at a glance, as well as an activity feed with arrivals and departures.
Process credit cards, perform pre-authorizations, and take security deposits. Optionally set-up multiple payment accounts at the property level.
Optionally integrate LMPM with a variety of 3rd parties to access powerful features such as dynamic pricing, smart home keyless entry, and more.
Powerful software that makes it easier to run your business.
See how you can use LMPM to take bookings, efficiently manage your properties, and ensure your guests can have an amazing stay.
