Monthly Accounting Services
We can link your revenue directly from your PMS to your accounting software.
We can reconcile all your cash and credit card deposits as they hit the bank.
We can send you reconciliations and workpapers for all of your Balance Sheet accounts.
We can enter AP AND scan the invoices directly into the accounting software to be viewed anytime.
We can let you know your current cash position weekly, keeping upcoming expenses in mind.
We can issue and mail AP checks (with or without signature).
We can file and pay your sales and occupancy taxes.
We can advise you on the current Uniform System of Accounts for the Lodging Industry (USALI).
We can give you financials showing property comparisons of your portfolio (using actuals or POR).
We can provide customized monthly financial statements including a Profit and Loss, Trailing 12, Balance Sheet, and Cash Flow Statement.
We will use our extensive hotel accounting knowledge to search all financial information available for any missing or hidden expenses that are driving up your purchase price. We will partner with your broker and provide a thorough analytical review of the provided financial records.
Because we have an in house broker, this will cost you nothing, as our fee will be paid by your broker at the time of sale.
M3 Setup and Training
As certified M3 trainers we setup your M3 database which will include an industry specific chart of accounts, the Daily Revenue Report, and USALI Financial Statements.
We will then travel to your location for training on the database or we can train in our offices in Texas.
Consulting & Project Services
Some examples of these projects include:
Adding additional properties to your database
History Imports – General Ledger and Daily Revenue Report
Budget Imports – General Ledger and Daily Revenue Report
Daily Report Mapping
Additional financial reports
M3 System Review