This is what we do:

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2813 Earl Rudder Fwy, South Suite 100

College Station, TX 77845

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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.

Acquisition Support

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

 Of course, if you used our monthly services package,
these would be included! 

Preferred Partnerships

  We work exclusively with M3 hospitality accounting software. We believe it is the most robust and forward moving software in its niche and we want our clients to have the best. Working with only one system also allows us to stay proficient and serve clients at the top of our game. If you aren’t already using M3, check them out HERE.
  Paychex Professional Payroll Package can help you handle the complexities of hotel payroll. Paychex has the ability to provide direct entries into M3, produce excel and pdf reports, and we have our own Business Consultant to assist our clients.  Contact us for more information.
  Accepting credit card payments is an integral part of your business.  Merchant statements and rate structures can be difficult to understand with misinterpretation leading to costly mistakes. We can analyze your current statements to determine if our in-house merchant specialist can save you money. Contact us for more information.
  Paramount Property Analysts provides quality property tax consultation and real estate appraisal services to reduce property tax payments and save client’s money. Tax consultation services are provided on a contingent fee basis, meaning that no fee is charged unless the property tax burden is reduced. Contact us for more information.