Hotel Monthly Accounting

Hotel Monthly Accounting

Have you considered outsourcing your month end accounting?

Here are some advantages to outsourcing your monthly accounting:
  • More cost effective up to 50% over in-house labor
  • Remote cloud based fully transparent
  • Easy transition database stays under client control
  • Quick, reliable, and professional
  • Reduced fraud

We specialize in clients that are already using M3 or Profit/Sage, and looking to switch to an outsourced solution at reduced cost.

Pricing is based on the number of rooms with discount for multiple hotels.  We take over your month end close and you SAVE!

Here is how it works:
  • you provide us with remote access to your cloud based accounting (M3 or Profit/Sage)
  • invoices are coded, scanned and entered by the property
  • continue printing checks remotely at your own location
  • we review your balance sheet and create standard monthly journal entries
  • we review your hotel PMS daily report for input to the general ledger
  • we input your payroll labor into the general ledger and/or accruals
  • we provide you with a monthly checklist of items needed to close each month
  • we reconcile your bank statements on a monthly basis
  • we provide preliminary financial statements by the 11th day of each month and finals by the 15th
  • your monthly financial statements can be downloaded at anytime
Basic Service Includes:
  • Mapped daily report input to GL
  • Payroll labor distribution input to GL
  • Transactions Entry – Monthly
  • Bank reconciliation
  • Month End Close
  • Financial Reports (self downloading)

Full Service includes:

  • Mapped daily report input
  • Payroll labor distribution input
  • Transactions Entry – Monthly
  • Bank reconciliation
  • Month End Close
  • Financial Reports (self downloading)
  • TOT & Sales Tax
  • GL Trial Balance Prelims in Excel
  • Accounts Payable Invoice Processing
  • Check Writing
  • Cash Flow Reporting