So, we had the following question asked, How should our hotel handle a cancellation or attrition charge? This is a question we get asked from time to time and it just so happened our Director of Accounting, Albert Tinnell, had just worked on this for one of our hotel monthly accounting clients. Hotel Accounting: Attrition Fees In his review, our clients question came about regarding cancellation fees; however, it can also be called attrition fees. The verbiage differs dependi

There are many hotel accounting software options available for hoteliers. But not all of them are created equal. So what should you look out for when choosing an accounting system? Hotel accounting systems come in different shapes and sizes. Some are designed specifically for small hotel portfolios, while others are geared for growth. The best option will depend on your needs, budget, and business model. Here's a list of five features to consider. Specific Hotel Accounting So