Hotel Accounting with Vesta

Proper hotel accounting procedures provide the foundation on which all financial decisions are based. That's why Vesta provides an experienced hotel accounting team coupled with a centralized hotel accounting system, which together ensure comprehensive accounting services that are efficient, organized and straightforward, and result in reduced operating costs for your property.

Hotel Accounting Services

Daily Operations Reports

Daily labor, revenue, purchasing and operating statistics, all compared to forecasts or budget, are prepared at your property under corporate review and supervision.

Cash Flow Reports

Cash flow reports are provided weekly, monthly or on an as-needed basis at the corporate level with input on revenue and expenses from your property.

Accounts Payable

Vesta offers centralized processing of all property payables, including the preparation and mailing of checks.

General Ledger Maintenance

Vesta uses the chart of accounts conforming to the Uniform System of Accounts for the Lodging Industry.

Tax Reporting

Vesta submits state and local sales and occupancy tax forms as well as assistance with income tax information.

Bank Reconciliation

We provide monthly reconciliation of all bank accounts.

Training

Vesta improves performance and reduces labor costs with personnel training.

Internal Audit

Utilizing an outside professional agency, we recommend a full internal audit on a regular basis to ensure that all our policies and procedures are followed for effective management.

Budgeting

We develop a competitive budget annually as a tool for management.

Payroll Management

Our corporate office works closely with an outside payroll service on your behalf to prepare payroll checks and file payroll taxes. Payroll information is submitted to the outside service via the corporate office.

Financial Statements

Prepared monthly by the twentieth of each month, our reports include detailed department statements listing current period actual, budget, variance, last year/same month and the same information year-to-date, source and use of funds, balance sheet, general ledger and profit and loss summary.