Hotel & Motel Property Management Bookkeeping Services

Q: Do you provide services in inventory and asset management for hotel and motel properties?

Our bookkeeping for hotels includes comprehensive inventory management, ensuring accurate tracking of items like linens and toiletries, and effective asset management for physical assets. We provide systems for regular inventory checks, valuations, and advise on asset depreciation, contributing to accurate financial reporting and cost control.

Simplifying Your Hotel & Motel Bookkeeping, Maximising Your Peace of Mind

AVH Business Services | Bookkeeping for Hotel & Motel Property Management

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Bookkeeping for Property Management Companies

Running a hotel or motel is a fulfilling dream, yet it is not an easy task to stay on top of all the financial aspects involved. Bookkeeping is likely not making it to the top of your list of priorities and we know it can be a time-consuming task. There’s plenty more to be concerned over – running the business, marketing, customer service, operations, and maintenance, the list goes on.

Wearing Too Many Hats? – Leave the Numbers Game To Us!

The hotel and motel industries have to contend with a number of accommodation bookkeeping challenges. This includes managing multiple revenue streams, like room rentals, food and beverage sales, spa services, and event bookings. Add to the list, payroll complexities and compliance with various industry-specific regulations and standards.

Leave it to us! – AVH Business Services offers professional property management bookkeeping that will exceed your expectations. Our tailored services and comprehensive approach will pave the way for the financial success and
sustainable growth of your business.

Why Choose AVH Business Services for Hotel Bookkeeping?

With the ever-changing and dynamic of the industry you need a
hotel bookkeeping service that provides you with peace of mind and the best results.

Personalised Approach

We take the time to get to know you and your business, tailoring our services to meet your goals and expectations. Our hotel bookkeeper team prides itself on its friendly and approachable demeanour, dedicated to not just managing numbers but also making you feel comfortable and assured.

Flexible Service Model

You can choose as many or as few services as you need, and you can adjust them as your business grows or changes. We ensure you cost-effective, quality results regardless of the number of services you choose with transparent, fair pricing and billing.

Team Structure

Each client at AVH Business Services is assigned a dedicated hotel bookkeeper team. Your team will consist of a senior bookkeeper, who will oversee your account and provide strategic advice, and an intermediate bookkeeper, who will handle your day-to-day transactions and reporting.

Comprehensive Hotel Bookkeeping Services

At AVH Business Services, we specialise in bookkeeping for property management companies. Whether it is for your daily transactions, monthly reports, or annual compliance, we can help you:

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End-to-End Bookkeeping

From recording your income and expenses to maintaining your ledgers to reconciling your bank accounts, we handle it all with precision and enthusiasm. Your financial records will be accurate, helping you monitor your financial performance and identify areas for improvement.

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Payroll & HR Services

AVH Business Services can manage your payroll and HR intermediary requirements, simplifying the complexities, such as managing staff wages, taxes, benefits, deductions, etc. We can help you simplify the handling of unique employment structures in the industry, such as casual, part-time, full-time, and contract workers.

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BAS & EOFY Services

AVH takes the hassle out of compliance by expertly handling Business Activity Statements (BAS) and End-of-Financial-Year (EOFY) reporting. We ensure that your financial records meet regulatory requirements, providing peace of mind and avoiding penalties.

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Inventory & Asset Management

We can help you manage your inventory, such as tracking your stock levels, ordering supplies, recording purchases and sales, as well as conducting stocktakes. Also, we carefully manage your physical assets, like furniture, equipment, and vehicles, by recording their acquisition, depreciation, maintenance, and disposal.

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Fraud Checks & EOD Procedures

AVH implements robust processes for secure cash handling, including end-of-day financial reconciliations and fraud checks. We safeguard your business by effectively detecting and preventing any discrepancies or irregularities.

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Cash Flow Management

In an industry with seasonal revenue fluctuations, AVH emphasises the critical role of cash flow management. We assist you with your cash inflows and outflows, analysing your cash flow trends, and identifying your cash flow gaps. Our services navigate the challenges and provide solutions that guarantee financial stability throughout the year.

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Revenue Management

Recognising accurate revenue tracking is pivotal. Our bookkeeping for hotels monitors your income from various sources, including room rentals, events, and dining services. This enables proactive decision-making to optimise profitability and gain a competitive advantage.

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EOM Statement Runs

AVH Business Services manages debtor and owner statement runs, providing a clear financial overview at the end of each month (EOM). We can help you streamline your EOM processes with accuracy and timeliness. This transparency fosters trust and ensures stakeholders are well-informed about the financial health of your establishment.

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Software Integration

AVH Business Services ensures that your systems work in harmony, minimising manual data entry and reducing the risk of errors. We help you with your point-of-sale (POS) systems software, seamlessly integrated with accounting software. It is part of our goal to automate your data entry, eliminate errors, and improve efficiency and productivity.

Bookkeeping for Hotels & Motels is Better With AVH!

Whether you’re looking to streamline your bookkeeping, enhance payroll services, or optimise your overall financial strategy, our team is here to deliver exceptional service. Take your first step towards better hotel and motel bookkeeping today.

Distinct Advantages of Our Bookkeeping for Property Management Businesses

AVH Business Services,stands out as a trusted partner in hotel and motel bookkeeping, offering tailored solutions and industry expertise to elevate your financial management.

Here’s How We Can Help:

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Personalised Client Support:

Dedicated support tailored to each hotel or motel’s unique operational needs.

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Local Industry Insight:

In-depth understanding of local market trends and regulatory environments impacting the accommodation sector.

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Efficiency in Financial Operations:

Streamlining of financial processes leads to increased operational efficiency.

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Technology Leveraging for Advanced Reporting:

Utilisation of cutting-edge technology for sophisticated financial analysis and reporting.

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Proactive Revenue Optimisation Strategies:

Implementing strategies to maximise revenue, is especially crucial for seasonal business fluctuations.

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Customised Financial Health Assessments:

Providing detailed assessments to evaluate and improve the financial health of the property.

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Innovative Solutions for Complex Challenges:

Crafting innovative solutions for unique financial challenges faced by hotels and motels.

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Transparent Communication and Reporting:

Ensuring clarity and transparency in all financial dealings and reports.

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Strategic Financial Planning Assistance:

Offering strategic advice to aid in long-term financial planning and business growth.

Discover the Impact of a Professional Hotel Bookkeeper

At AVH Business Services, we are committed to providing our accommodation industry clients with the best property management bookkeeping services. But don’t just take our word for it.
Dive into the testimonials below from our satisfied clients:

Expertise That’s More Than Just Hot Air

Our Services Speak Louder Than Words

With more than 30 years of collective expertise in Accounting, Business Management, and Information Technology, AVH Business Services is your trusted partner in Australian bookkeeping services.

We’re allowed to brag a little:

FAQs About Hotel and Motel Bookkeeping

Do you have experience in the specific financial challenges faced by hotel and motel management businesses?

AVH specialises in tackling unique challenges like fluctuating seasonal revenues, complex payroll for varying staff schedules, and managing diverse income streams (room bookings, events, and dining services). We also focus on streamlining financial processes, ensuring compliance with industry-specific regulations, and providing detailed financial reporting.

Can you integrate POS systems with accounting software for hotels and motels?

Our team is skilled in integrating Point of Sale (POS) systems with accounting software, ensuring seamless data flow. This integration allows for accurate tracking of sales, efficient management of daily transactions, and simplifies the reconciliation process, providing a clear financial picture of the business operations.

Can you assist with complex payroll requirements of the accommodation industry?

Yes, we manage the intricacies of hotel & motel business payroll, including dealing with varied employee contracts, shift differentials, and seasonal staff variations. Our services ensure accurate payroll processing, compliance with employment laws, and efficient management of employee financial records.

Can you ensure we are compliant with financial regulations specific to the accommodation industry?

We stay abreast of the latest industry-specific regulations, including tax laws and financial reporting standards. Our services include handling BAS preparation and lodgement, managing tax obligations, and ensuring all financial operations are compliant with the relevant accommodation industry standards.

Can you help our hotel/motel business with cash flow management?

We implement strategies tailored to manage cash flow effectively, especially important for businesses with seasonal fluctuations. This includes monitoring cash inflows and outflows, advising on optimal cash reserves, and providing insights for financial decision-making during both peak and off-peak seasons.

Do you provide services in inventory and asset management for hotel and motel properties?

Our bookkeeping for hotels include comprehensive inventory management, ensuring accurate tracking of items like linens and toiletries, and effective asset management for physical assets. We provide systems for regular inventory checks, valuations, and advise on asset depreciation, contributing to accurate financial reporting and cost control.

How can you aid us with financial security measures in the accommodation sector?

We implement stringent fraud prevention measures and financial security protocols. This includes secure processes for cash handling, robust end-of-day reconciliation procedures, and regular financial audits to safeguard your business against fraud and financial discrepancies.