You’ve managed to make it through the early stages of start-up. You have a solid product, you’re generating revenue, and your future looks bright. But no matter how well things are going in other areas of your business, there’s one place where they will always be difficult—bookkeeping. There are just too many moving parts in any hotel operation to do…
We at hotelier books are Certified Bookkeeping Experts and have been analyzing and reporting financial data for over a decade. In the journey we’ve seen things happen to even the best run businesses. Financial issues pop up out-of-the-blue when you least expect them. Some are due to management missteps while others stem from external factors. In this blog we will…
Maintaining accurate hotel accounts is an important part of any business, and hotels are no exception. There are a few key steps you can take to make sure your hotel’s accounts are always up-to-date: 1. Make a chart of accounts. This will help you keep track of all your hotel’s expenses and income. 2. Use a good accounting software. This…
5 ways hotel accounting software can benefit your business. Hotel accounting software is a type of computerized system designed to assist hotels in their daily business’s financial and operational matters. While this may mean checking an incoming daily sales or running reports, the most beneficial use of hotel accounting software is as a tool for automating accounts management and perform…