Finance & Accounting Services

Matrix Hospitality accounting team provides comprehensive hotel financial and accounting services, which is inclusive of an efficient accounting system set-up. Since profitability for a hotel property begins and ends with its balance sheet, we ensure sound and efficient financial operations for your hotel.

Our services cover the following areas of finance and accounts:

Financial Reporting

• Profit / Loss Statement and Balance Sheet
• Monthly Account Reconciliation
• Bank Reconciliation, Statement of Cash Flow, & Analytical Analysis

Accounts Payable

• Vendor Invoices
• Utilities
• Loan Payments
• Partner Distribution
• Electronic / ACH Payment

Reporting

• Check Registers
• Open Liability Reports
• Vendor Aging

Sales

• Local / State Sales Tax Filing
• Assistance in Managing Sales and Using Tax Audits

Accounts Receivables

• We look into the ageing of receivable and manage the city ledger accounts to improve collection days.

Payroll Processing

• Centralized Data Collection
• Check and Advice Printing
• Direct Deposit
• New Hire Reporting
• Third-Party Tax Filing and Compliance
• Reports
• Employment Verifications

Treasury Management and Management of Cash Flow

• Maintenance of Inner-Company Balances for Multiple Units
• Daily / Weekly Sweep of Accounts
• Cash Flow Projects
• Assistance with Banking Relations

Fixed Asset Reporting

• Maintaining Fixed Asset Ledger
• Tax, Book and AMT
• Preparation of Depreciation Schedules