Bookkeeping for Property Management:
Hotel & Motel Services
Simplifying Your Hotel & Motel Bookkeeping, Maximising Your Peace of Mind
Bookkeeping for Property Management Companies
Running a hotel or motel is a fulfilling dream, yet with its multiple daily transactions, it is not an easy task to stay on top of all the financial aspects involved. Property accounting and bookkeeping are likely not making it to the top of your business list of priorities and we know it can be a time-consuming task, such as doing financial reports, calculating all the expenses, and so on. There’s plenty more to be concerned about in property management: running the business, marketing, customer service, operations, maintenance, enhancing your services, and more.
Wearing Too Many Hats? – Leave the Numbers Game To Us!
The hotel and motel industries have to contend with a number of property management bookkeeping challenges. This includes managing multiple property revenue streams, like room rentals, food and beverage sales, spa services, and event bookings plus taking note of all the operational expenses. Add to the list payroll complexities and accounting compliance with various industry-specific regulations and standards.
Leave the complex financial tasks to us! – AVH Business Services offers professional property management bookkeeping that will exceed your expectations. Our tailored financial property management 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 hospitality industry, you need reliable accounting and bookkeeping for property management that provides you with peace of mind and the best results.
Personalised Approach
We take the time to get to know you and your rental property business, tailoring our services to meet property managers’ goals and expectations. Our hotel bookkeeper team prides itself on its friendly and approachable demeanour, which is dedicated to not just managing numbers for your business but also making property managers feel comfortable and assured.
Flexible Service Model
You can choose one or as many of our few services as you need, and you can adjust them your way as your business grows or changes. We ensure you cost-effective accounting and quality reports, regardless of the number of accounts you choose, with transparent and fair pricing.
Team Structure
Each client at AVH Business Services is assigned a dedicated hotel bookkeeper team. Your team will consist of one senior bookkeeper who helps oversee your property management accounts and provides strategic advice and one intermediate bookkeeper who handles your day-to-day transactions and tasks reports.
Comprehensive Hotel Bookkeeping Services
AVH Business Services ensures that your accounting and bookkeeping systems work harmoniously, minimising manual data entry and reducing the risk of errors. We help you with your property management point-of-sale (POS) systems software, which is seamlessly integrated with accounting software. It is part of our goal to automate your reports in data entry, eliminate errors, and improve efficiency and productivity.
End-to-End Bookkeeping
From recording your income and expenses to maintaining your property management ledgers to reconciling your bank accounts, we handle it all with precision and enthusiasm. Your rental property business financial records will be accurate, helping you monitor your financial performance and identify areas for improvement.
Payroll & HR Services
AVH Business Services can manage your payroll and HR intermediary requirements, simplifying the complexities of managing staff wages, income taxes, benefits, deductions, fees, etc. We can help you simplify the handling of unique employment structures in the property management industry, such as casual, part-time, full-time, and contract workers.
BAS & EOFY Services
AVH Business Services takes the hassle out of rental property business compliance by expertly handling Business Activity Statements (BAS) and End-of-Financial-Year (EOFY) reports. We ensure you that your financial record accounts for all regulatory requirements, providing peace of mind and avoiding penalties.
Inventory & Asset Management
We can help you manage your property accounting, including inventory, tracking stock levels, ordering supplies, recording transactions in purchases and sales, and conducting stocktakes. We also carefully manage your physical assets, like furniture, equipment, and vehicles, by recording their acquisition, depreciation, maintenance, disposal, and related expenses.
Fraud Checks & EOD Procedures
AVH Business Services implements robust processes for secure cash handling, including end-of-day financial reconciliations and fraud checks. We safeguard your property management resources by effectively detecting and preventing any discrepancies or irregularities.
Cash Flow Management
In a business industry with seasonal income fluctuations, AVH Business Services emphasises the critical role of cash flow management. We assist you with your cash inflows and cash outflows, analyse your cash flow trends, and identify your cash flow gaps. Our property management accounting navigates the challenges and provides solutions that guarantee property managers’ financial stability throughout the year.
Revenue Management
Recognising accurate revenue tracking in your daily transactions is pivotal. Our accounting and bookkeeping for hotels monitor your income from various rental property revenue sources, including room rentals, events, dining, and other services for every tenant. This enables proactive decision-making to optimise the allocation of cash funds, enhance profitability, drive development and gain a competitive advantage in the property management industry.
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 report your EOM processes accurately and timely. This accountancy transparency fosters trust and ensures stakeholders are well-informed about your establishment’s property management, accounts, and financial health.
Software Integration
AVH Business Services ensures that your accounting systems work in harmony, minimising manual accounting data entry and reducing the risk of errors. We help you with your point-of-sale (POS) systems software, which is seamlessly integrated with accounting software. It is part of our goal to automate your property business data entry, eliminate errors in accounts, and improve financial reports efficiency and productivity.
Property Management Bookkeeping for Hotels & Motels is Better With AVH Business Services!
Whether you’re looking to streamline your rental property accounting or bookkeeping, enhance payroll services, or optimise your overall financial strategy, our property managers are here to deliver exceptional accounting service. Take your first step towards better hotel and motel bookkeeping property management today.
Distinct Advantages of Our Bookkeeping for Property Management Businesses
AVH Business Services, stands out as a trusted partner in bookkeeping for property management, offering tailored solutions in property management and industry expertise to elevate your financial management transactions.
Here’s How We Can Help:
Personalised Client Support:
Dedicated administrative support tailored to each property management company’s unique operational needs.
Local Industry Insight:
In-depth understanding of local market trends, property management, and regulatory environments impacting the property accommodation sector.
Efficiency in Financial Operations:
Streamlining property management and financial processes leads to increased operational efficiency for rental property businesses.
Technology Leveraging for Advanced Reporting:
Utilisation of cutting-edge software technology for sophisticated financial analysis and reporting in property management.
Proactive Revenue Optimisation Strategies:
Implementing business strategies to maximise revenue through effective property management is especially crucial for businesses with seasonal fluctuations.
Customised Financial Health Assessments:
Providing detailed assessment reports to evaluate and improve the financial health of the property business, including expenses and accounting.
Innovative Solutions for Complex Challenges:
Crafting innovative and digital solutions software for unique financial challenges faced by hotels, motels, and other property management businesses.
Transparent Communication and Reporting:
Ensuring clarity and transparency in all financial dealings and reports in property management.
Strategic Financial Planning Assistance:
Offering property business 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 quality bookkeeping for property management industry clients with the best accounting and bookkeeping services. But don’t just take our word for it.
Dive into the testimonials below from our satisfied property managers and rental property owner 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 business partner in Australian bookkeeping for property management.
We’re allowed to brag a little:
Choose The Best In Property Management Bookkeeping for Accommodation
Take the Next Step in Enhancing Your Hotel or Motel’s Financial Property Management
Discover how our specialised accounting and bookkeeping services for property management can transform your business’s financial health and operational efficiency. Read and reach out today for a personalised property bookkeeping or accounting consultation and unlock the full potential of your hotel or motel property business.
FAQs About Motel and Hotel Bookkeeping
Do you have experience in the specific financial challenges and transactions faced by hotel and motel management businesses?
AVH Business Services specialises in tackling unique rental property business bookkeeping challenges like fluctuating seasonal revenues, complex payroll for varying staff schedules, managing diverse income streams (room bookings, events, dining services), and property management expenses. We also focus on streamlining financial processes, ensuring reports that are compliant with industry-specific regulations and tax requirements, and providing detailed accounting and financial reporting.
Can you integrate POS systems with accounting software for hotels and motels?
Our dedicated team of accountant and bookkeepers are 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 management operations.
Can you assist property managers with complex payroll requirements of the accommodation industry?
Yes, we manage the intricacies of hotel & motel property business payroll, including dealing with varied employee contracts, shift differentials, and seasonal staff variations. Our property management accounting ensures accurate payroll processing, compliance with employment and tax laws, and efficient development and management of employee financial records.
We also handle your financial expenses, ensuring that all payroll-related accounting and tax obligations are properly recorded in your accounts. By streamlining their processes, we help property managers and owners save time, reduce errors, and focus on running their property business smoothly, all while maintaining transparency and accounting compliance with industry regulations.
Can you ensure we are compliant with financial regulations specific to the accommodation industry?
We stay abreast of the latest short-term rental property industry-specific regulations, including tax laws and financial reporting standards. Our property management accounting includes features such as handling BAS preparation and lodgement, managing tax obligations, and ensuring all financial transactions have receipts and are compliant with the relevant accommodation of industry standards.
Can you help our hotel/motel business tasks with cash flow management and income tracking?
We implement property management bookkeeping strategies tailored to manage cash flow effectively, which is especially important for rental businesses with seasonal income fluctuations, helping investors make informed decisions. This includes monitoring property cash inflows and outflows, managing invoice filing transactions, advising on optimal cash reserves, and providing insights for financial decision-making during both peak and off-peak seasons.
Do you provide services or reports in inventory and asset management for hotel and motel properties?
Our hotel property managers include comprehensive accounting and inventory management, ensuring accurate tracking of items like linens and toiletries, and effective asset management for physical assets. We help provide systems for regular property inventory checks and valuations and advise on asset depreciation, contributing to accurate income and expense 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. Our property management bookkeeping helps secure cash handling processes, robust end-of-day reconciliation procedures, and tenant financial management to safeguard your rental property against fraud and financial discrepancies.