Accounting
Best Practices for Hotel Accounts Payable
The best hotel accounts payable practices combine centralized processing, standardized GL coding, documented approval workflows, and …
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Inn-Flow Acquires Lilo to Unify Procurement with Accounting and Labor, Accelerating AI-Driven Innovation Across Its Hotel Platform
Acquisition brings AI-powered procurement into alignment with accounting and labor, while adding engineering expertise that will accelerate innovation across the platform
Accounting
How Hotel Accounting Integrates With Labor Systems
Hotel accounting and labor systems must share data to produce accurate department-level P&Ls, allocate wages correctly …
Labor
How Hotel Managers Track Labor Performance
Hotel managers track labor performance through cost per occupied room (CPOR), labor cost as a percentage …
Accounting
Why Hotel Accounting Requires Specialized Software
Hotels require specialized accounting software because their financial operations are structurally different from most businesses. Multiple …
Accounting
Hotel Accounting Challenges for Management Companies
Hotel management companies face accounting challenges that single-property operators and non-hospitality businesses never encounter: managing dozens …
Accounting
USALI Explained for Hotel Operators
USALI — the Uniform System of Accounts for the Lodging Industry — is the hotel industry’s …
Accounting
What Is a Hotel Chart of Accounts?
A hotel chart of accounts is the organized list of general ledger accounts that categorizes every …
Accounting
How Hotel Controllers Reconcile Financial Data
Hotel financial reconciliation is the process of matching financial data from multiple source systems — the …
Procurement
How AI Hotel Procurement Software Is Cutting Costs and Saving Time
For hotel operators, procurement has always been one of the most time-consuming and error-prone parts of …