Hotel and Motel Accounting Services
Hotels and motels are constantly looking for better ways to manage their money and keep costs down so they can stay competitive. You need to keep your books in order but maintaining an in-house accounting department takes time and resources. Outsourcing your hotel accounting and bookkeeping needs to Phillips & Company CPAs is far more cost effective than trying to handle your day-to-day accounting needs on site. We can handle bookkeeping, budgeting, payroll, tax planning and much more.
In addition to routine accounting functions, we provide the tools you need to monitor business trends and plan for seasonal fluctuations. We offer accurate financial data delivered in reports that are carefully tailored to the needs of your hotel. These regular reports coupled with our sound guidance will help you find new ways to cut costs, stabilize cash flow and stay profitable. We’ll also help you tighten up financial controls and keep a close eye on expenses in order to funnel more income towards your bottom line.
Accounting Services for Hotels and Motels
- Outsourced accounting
- Monthly, weekly and daily financial reporting
- Bank reconciliations
- Accounts payable
- Tax preparation and planning
- Payroll processing services
- Internal controls auditing
- Cash flow analysis and management
- Outsourced CFO and controller services
- Budgeting and forecasting
Would you like to learn how a Elkhart CPA that specializes in accounting services for hotels and motels can help you save money and increase profits? Call us at 574-294-4685 today to schedule your free initial consultation. We work with hotels, motels, resorts, bed and breakfasts, and conference centers throughout the Elkhart area.