5 Benefits of Using a Hotel Accounting Software That Integrates With Your Cloud PMS - 1 views
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5 Benefits of Using a Hotel Accounting Software That Integrates With Your Cloud PMS
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rnobl005 on 27 Jun 18I felt like this was a really great article for this week's topic as it reiterated many of the points mentioned in the PowerPoint and lecture video. There are so many benefits to incorporating accounting software into your business practice. Companies can worry less about human error and save a lot of money by cutting down on the hours it takes for someone to do all the work manually. You can also utilize the software in a variety of ways: generating cash flow statements, monitoring payroll management, and compiling budgets are just a few mentioned in the article. In doing so hoteliers may see trends in their data that they couldn't previously. This article is sponsored by Hotelogix, a cloud-based property management system, as a way to advertise their product. Typically I would take what they have to say with a grain of salt but I feel like the advice they give is actually really unbiased.
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Accounting in the hotel industry has moved on from the traditional methods of using spreadsheets to the modern hotel accounting software.
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● Budgets● Compare profits (between current and past periods)● Prepare financial statements, balance sheets● Cash flow statements● Payroll management● Business planning and much more
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Generating and procuring all these details manually, consumes time and involves tremendous effort. Plus, it may lead to errors, too
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A hotel accounting system makes it easy for you to generate invoices, account statements, produce payslips, and much more
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When integrated with a cloud-based Hotel PMS, it becomes easier for you to access your accounting data from anywhere, anytime, and on any device.