While you’re making plans for a new year and a new you, why not plan to revamp your accounting setup in CampLife? With a healthy setup, it won’t take months to form habits that make this year a success. 

Take full advantage of CampLife’s Advanced Accounting feature to make this year’s resolutions stick.

CampLife’s Advanced Accounting feature takes the guesswork out of revenue and tax reporting by providing financial management tools such as:

✓ Journal entries automatically created for payments, revenue, and sales/lodging taxes 

✓ Journal entry reporting with customized account names 

✓ Balance sheet reports for accrual parks, including deposits and accounts receivable

✓ Downloadable journal entry files for import into accounting software like QuickBooks 

By recording journal entries into customizable ledger accounts, parks gain a suite of reports they can use to book general ledger journal entries into their accounting software, like QuickBooks, or as backup for completing their own income and tax reporting without the use of accounting software. 

Resolutions your future self will thank you for starting with:

✓ Including revenue divisions that are clear and relevant, but not overly complicated

A little organization in the new year goes a long way. So when you’re done decluttering that junk drawer, declutter your financial reporting as well. You don’t need a maze of revenue accounts to understand your business. Create enough divisions to quickly track which revenue-generating activities are profitable while meeting your external reporting requirements—without drowning in detail.

✓ Avoiding booking taxable and tax-exempt revenue into the same account

While you’re organizing the pantry to avoid buying duplicate items on your grocery runs, make sure your list for Uncle Sam is just as clear. Labeling revenue streams is only the first step. A better resolution that you (and the tax man) will appreciate also divides taxable income from tax-exempt income.

✓ Matching your accounting software’s chart of accounts

Channel the satisfaction of finally matching that pile of socks into lining up your CampLife chart of accounts with the one in your accounting software. Just like your sock drawer, you might need to make adjustments to both. But when they match, you save time and remove guesswork. As a bonus, this alignment lets you take advantage of your software’s journal entry import tools, too. 

Financial routine: 

Resolutions fail when they take too much effort. CampLife’s Advanced Accounting feature gives you access to reporting that helps keep your financial routine manageable. Reports are customized to your campground, simplify your financial review, support imports into your accounting software, and document your income for tax purposes.

Key reports include:

✓ Journal Entry Single Column Sorted (JESCS): most commonly used financial report 

✓ Journal Entry Single Column Account Detail: provides the invoice numbers and amounts for the JESCS

✓ Journal Entry Report Single Column Account Specific: provides the invoice numbers and amounts for a specific account on the JESCS

Additional reporting for accrual and daily accrual parks:

✓ Advanced Deposit Liability Report Date Specific: cumulative balance sheet total for ADL

✓ Accounts Receivable Date Specific: cumulative balance sheet total for A/R

✓ Unearned Revenue Date Specific: cumulative balance sheet total for UER (Daily Accrual parks only)

✓ Unearned Revenue Journal Entry Balance Report: a more detailed cumulative balance sheet total for UER (Daily Accrual parks only)

This year, make a New Year’s Resolution that actually pays off; customize your financial reporting in CampLife!

Advanced Accounting is included with the Premium, Unlimited, and All Features plans. If you have questions or need support during your check-up, reach out anytime.