Your Solution for Exceptional Hotel Accounting.
Running a hotel is hard enough. Maintaining an accounting department on top of operations is just too much.
How are you supposed to make sure the correct processes are in place and your hotel books are being recorded correctly? And heaven forbid your accountant quits and you have to start over!
You shouldn’t have to worry about losing money due to unwise decisions based on inadequate hotel Profit & Loss and Balance Sheet statements.
You should feel confident in your hotel's accounting, and you need a partner you can trust.
At Hotel Solutions, we remove the stress of accounting, so you can focus on the operations of your hotels.
You can expect all of this from our monthly accounting services:
Weekly progress check-ins.
Routine and continuous property training
Monthly Income Statement review calls
Guide your team in understanding standard hotel financial statements
And so much more,
We link your revenue directly from your Property Management Software to your accounting software.
We reconcile all your cash and credit card deposits as they hit the bank.
We send you reconciliations and workpapers for all of your Balance Sheet accounts.
We enter AP AND scan the invoices directly into the accounting software to be viewed anytime.
We let you know your current cash position weekly, keeping upcoming expenses in mind.
We issue and mail AP checks weekly.
We file and pay your sales and occupancy taxes.
We advise you on the current Uniform System of Accounts for the Lodging Industry (USALI).
We give you financials showing property comparisons of your portfolio (using actuals or POR).
We can import your hotel budget for monthly comparisons.
We provide customized monthly financial statements including a Profit and Loss, Trailing 12, Balance Sheet, and Cash Flow Statement.
On top of the nuts and bolts of producing financial statements, we are here for you every step of the way!
In an outsourcing situation, there is no way to over-communicate and we take that to heart.
You will never wonder where we stand, or what is missing.
Aside from using cloud-based accounting software, where you can view your numbers at any time, day or night, your accounting team is available to you by phone and email or to hop on a Zoom call and see your face!
Find cost savings by outsourcing and gain confidence in your accounting team!
Hotel Solutions has been great to work with! They have a deep understanding of hotel accounting. They have been especially helpful in setting up systems and making sure everyone at the property understands them. They are always happy to explain things and offer additional training.
I am so much more confident in our accounting process since hiring Hotel Solutions.