The hotel business requires the use of a certain accounting standard, where strict regulations must be followed and specific documents on business management must be kept. This will allow the hotel management to rely on a single basis when monitoring activities, compiling an analysis. It is possible to compare the efficiency of work in different periods, determine development trends and other factors. All this will be helped by the Universal System of accounting in Lodge Industry.
Who needs the system
It is called USALI and helps to automate reporting in the hotel business. This system is intended for accountants, managers and owners of hotels of various types, including chain structures.
Reporting works taking into account the following categories of hotel activities:
- Expenses for the maintenance of rooms and income from their rental.
- Accounting for the preparation, sale of food and drinks in the restaurant, and when ordering to rooms.
- Other operating expenses that are required to ensure the operability of the hotel.
- Non-operating expenses.
Each category has its own sections that provide a breakdown of income and expenses into smaller items.
Using the software when compiling Finoko USALI reports, you can achieve complete clarity of the hotel’s activities, eliminate unproductive expenses and identify the most problematic areas. With their help, you can eliminate manual data entry, fully automate the process, make it more accurate and faster.
Such a program allows you to conduct daily monitoring of the hotel’s activities, receive information on income and expenses in order to determine the level of profitability, and take timely measures if things are declining.
Advantages of the system
The program allows you to standardize the methodology of accounting and filling out documents, perform all actions according to the same rules for everyone. Based on it, you can compare different real estate objects, which is especially important for a hotel chain.
Working with the program, you can achieve efficiency and speed in solving all problems, reduce or completely eliminate errors in reporting and analysis. Finoko gives recommendations so that you can comply with all USALI standards and rules.
The system can be integrated with real estate management programs, predict trends, make a budget and perform many other functions. Applications can be customized to individual requests.
