video1.0<iframe src="https://www.loom.com/embed/4caddb01d85e4b65b8d7fffed9f2b589" frameborder="0" width="1920" height="1440" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>14401920Loomhttps://www.loom.com14401920https://cdn.loom.com/sessions/thumbnails/4caddb01d85e4b65b8d7fffed9f2b589-79641e5a8693576d.gif260.4In this video, I walk you through the process of setting up booking channel fees for booking.com and VRBO reservations to accurately record these expenses on the owner's statements. Unlike Airbnb, which captures these fees in customer invoices, we need to create these fees in VR Trust to align with the reservation timing. I demonstrate how to use both actual and estimated templates for calculating these fees and emphasize the importance of mapping reference accounts correctly. Please ensure to reference your channel fee bills for accuracy and categorize any expenses paid from the trust accordingly. Make sure to apply these fees to the relevant listings and set the start date to the beginning of your first owner's statement reporting period.