Accounting Services for Hotels

As part of our Insight360 Solution for Hotels, we provide accounting expertise specific to the hotel industry. Our team's deep domain experience means that they are already familiar with key performance indicators and critical ratios relevant to the hotel industry. We can assist you with everything from bookkeeping to business analysis to CFO level services, while maintaining flexibility in our packages and offering you scalability as you manage growth.

How We Help

Entire spectrum of accounting services, from invoice entry to CFO services, with a flexibility to define the scope that fits your requirements

Our services assist with business continuity and alleviate the risks of your primary accounting staff members or CFO leaving, while maintaining the inability to scale quickly when necessary

24x7 online access to all your data and documents

All your accounting and payroll processes streamlined to reduce time and increase efficiency

Services executed by professionals with extensive expertise in lodging and hospitality industry

Client satisfaction - guaranteed

Offerings

Bookkeeping Services

Bill Payment (Accounts Payable)

  • Code and enter vendor bills
  • Vendor bills approval
  • Vendor bills imaging
  • Checks/ACH processing
  • Reconciliation of vendor statements
  • Online access 24x7

Reconciliations

  • Bank/credit card accounts
  • Deposits (credit cards, PMS etc)
  • Vendor invoices
  • Payroll

Activities Management

  • Payroll processing
  • Accounts Payable

Accounting System Implementation and Integration

Outsourced Controller Services

  • Weekly cash flow forecasting
  • Adjusting and closing entries preparation
  • Prepare financial statements – budget vs actual
  • Financial review
  • Collaborate with CPA to coordinate tax filing

Outsourced CFO Services

  • Budgeting and forecasting
  • Cash flow and revenue management
  • KPI and report analysis
  • Breakeven analysis
  • Assistance with purchase/sale of business
  • Assistance with obtaining financing
  • Financial analysis and modeling
  • Specialized financial projects

 

Schedule of Services

Daily

  • Sales/deposits entry
  • Vendor bills entry

Weekly

  • Deposits reconciliation with POS
  • Bank & credit card entry and reconciliation
  • Payroll process
  • Bill payments
  • Weekly flash report
  • Prime cost report
  • Weekly cash flow forecast

Monthly

  • Sales tax filing
  • Month end closing activities
  • Timely financial statements

Year-End

  • CPA work papers
  • Working with CPA on Year-End activities
  • Form 1099 preparation & filing
  • Form W-2 preparation & filing
  • Budgets and forecasting

Streamlined processes

Data sourced for the portal reporting is also used for accounting entries for maximized efficiency

Send us your invoices and other documents electronically via upload, email or fax