FINANCE & ACCOUNTING

Our centralized accounting system has the ability to collect and report detailed financial data in a real time basis which assists our management team in making intelligent decisions on a day-to-day basis, which creates operational efficiencies. Our managed hotels benefit from this seamless hotel finance and accounting platform due to the following fundamental benefits:

 

FINANCE & ACCOUNTING FUNDAMENTAL BENEFITS:

• Processing of Daily Journal Entries and Verification of Daily Revenues

• Daily Hotel/Restaurant Performance Metrics Reporting

• Financial Reporting to include:

   • Monthly Profit & Loss Statement and Balance Sheet

   • Bank Sheet Count Reconciliations

   • Credit Card Statement Reconciliation

   • Bank Reconciliation, Statement of Cash Flows and Analytical Analysis

   • Monthly Budget Generation and Verification

   • Profit and Loss Analysis

• Payroll Processing to include:

   • Bi-Monthly Payroll Verification

   • Payroll Expense Accounting

   • Daily Payroll Expense Tracking

   • Centralized Data Collection

   • W-2 Reporting

   • Employment Verifications

   • Accounts Payable to include:

   • Weekly Account Payables (AP) and Account Receivables (AR) Verification

   • Weekly AP Check Runs

   • Vendor/Cost Analysis

   • Check Registers

   • Vendor Aging Report

   • Hotel Ledger Balance Verification

   • Daily Cash Deposit Verification

   • Monthly Local/State Sale Tax Filing

   • Renovation Loan Draw Accounting

   • Hotel PMS Software Optimization

 

 

© CRU Property Management, Inc. 2017. All Rights Reserved.

CRU Property Management | 3191 Red Hill Ave., Suite 250 | Costa Mesa, CA 92626 | 1.714.760.9880 |.714.760.9881 Fax

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