Management Services - Accounting

 

While customer satisfaction plays the leading role in creating hospitality success, efficient accounting is the unsung hero in determining profitability. The MHI accounting team delivers timely and accurate reporting while using best practices to meet the highest professional standards. Utilizing Microsoft Dynamics Accounting Software, our financial and accounting services include:

 

• Daily/Weekly/Monthly Revenue Reporting

• Daily Payroll Reporting and Analysis

• State/Local Sales Tax Monitoring and Filing

• Complete Payroll Services and Human Resources Management

• Payroll Tax Filing through Third Party

• Monthly Profit & Loss Statements and Balance Sheets prepared in accordance with the Uniform System of Accounts for Hotels

• Monthly Cash & Balance Sheet Reconciliations

• Cash Flow Management

• Accounts Payable Management

• Purchasing Management

• Strong Internal Controls in Compliance with Sarbanes/Oxley Standards

• Internal Control Audits performed bi-annually

 

To meet the unique needs of each property, MHI offers centralized or de-centralized accounting:

 

• Centralized accounting services: Save on property level accounting payroll

• De-centralized accounting services: Remote service performed on MHI’s centralized application server; this is utilized at larger properties to allow more detailed daily financial analysis at the local level.

To schedule a presentation or request additional information on how your business can benefit from our management services, call 301-474-3307 or e-mail inquiry@mhihotels.com.