Accounting and Financial Reporting
Through a centralized accounting system, Inner Circle will institute, monitor, and control property financial data. This highly effective reporting system allows for identification and classification of common fiscal issues such as efficiency, productivity, and cash flow. Internal audits will help to control costs, identify risks, and reveal opportunities for adjustment.
Access to this integrated system is available at both the property and corporate office level, enabling users to stay connected from almost anywhere. The performance and profitability of your asset is always within your grasp and never beyond our fingertips. The accounting and financing capabilities of Inner Circle include:
- Financial Reporting – customized reporting on a daily, monthly and annual basis providing the information needed to make critical operating decisions;
- Cash Management – management and forecasting of the available cash resources;
- Budget Preparation – detailed preparation of annual operating budgets, business plans, cash flow, and capital expenditure budgets;
- Ownership Communication – preparation of statistical data prepared for ownership to facilitate identification of areas for improvement;
- Account Payables, Account Receivables and Payroll Processing.
Standard operating procedures are established and adhered to in order to reach compliance with the Uniform System of Accounts for the Hotel Industry.
