Standard Services

Our STANDARD Services include:

• 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
  Provided weekly, monthly or as-needed basis at the corporate level with input on revenue and expenses from your property.
  
  
• Accounts Payable
  Centralized processing of all property payables,
  including the preparation and mailing of checks.
  
  
• General Ledger Maintenance
  Using the chart of accounts conforming to the Uniform System of Accounts for Hotels & Restaurants. 
  
  
• Financial Statements
  Prepared monthly by the 20th 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.
  
  
• Tax Reporting
  Submission of all required federal, state and local tax, sales, occupancy and property tax forms, as well as assistance with
  income tax information.
  
  
• Bank Reconciliation
  Monthly reconciliation of all bank accounts.
  
  
• Training
  Property personnel training as necessary to upgrade
  performance and reduce labor costs.
  
  
• 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
  A competitive budget will be developed 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.