Hotel Accounting

A Hotel Accountant for a management company oversees financial operations for multiple properties, focusing on high-volume reporting, month-end close, bank reconciliations, and balance sheet management. Key responsibilities include ensuring accuracy in accounts payable/receivable, payroll oversight, budgeting, forecasting, and adhering to GAAP compliance to ensure profitability and ownership reporting.

• Financial Reporting & Analysis: Prepare monthly profit and loss statements, balance sheets, and cash flow reports for owners and senior management.
• Month-End Close: Execute month-end accounting close processes, ensuring all transactions are recorded accurately.
• Reconciliations: Conduct regular bank reconciliations, bank balance reviews, and reconcile balance sheet asset and liability accounts.
• Accounts Payable/Receivable: Oversee AP/AR processes, including vendor inquiries, invoice approval, invoice coding, and hotel ledger collections.
• Budgeting & Forecasting: Assist in developing annual budgets and ongoing forecasts (e.g., room revenue).
• Internal Controls & Compliance: Ensure compliance with tax regulations, internal audit procedures, and corporate financial policies.
• Daily Sales Audit: Monitor daily sales reports (POS) and property management system (PMS) revenue for accuracy.

• Experience: Previous experience in hotel accounting or hospitality management, often with multiple property management.
• Technical
  
  Skills:
  
  Proficiency in hotel accounting software (e.g., M3, Profit Sword, Inn Flow), Excel, and general ledger systems.
• Knowledge: Strong understanding of GAAP (Generally Accepted Accounting Principles) and Uniform System of Accounts for the Lodging Industry (USALI).
• Soft Skills: Strong analytical abilities, high attention to detail, proactive problem-solving, and ability to meet strict reporting deadlines.