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Hospitality

Accounting Services for the Hospitality Industry

Competitive and cyclical in nature, many restaurants and hotels operate on a slim margin subject to the whims of tourism trends, weather, and other factors beyond anyone’s control.

From assistance with financing options to structuring “the deal” and projecting revenues, it’s vital to use an accounting firm that understands the financial and operational challenges faced by businesses in the hospitality industry.  

When you hire accounting professionals that specialize in hospitality-related businesses, you get more than a general business accounting firm. 

Our Hospitality Accounting Services

  • Internal controls
  • Audits, reviews, and compilations (financial statements)
  • Cost segregation studies
  • Operational and profitability reviews
  • Sales and use tax
  • Payroll issues (tip reporting)
  • Cash flow forecasting and revenue projections
  • Business and Real Estate Valuations
  • Succession planning and exit strategies

Our Hospitality Clients:

  • Hotels and Hotel Developers
  • Golf Resorts
  • Entertainment Facilities
  • Country Clubs
  • Restaurant Franchises
  • Family-owned and Independent Restaurants
  • Race Tracks
  • Wineries

Leave the Accounting to Us.

Our specialized accounting knowledge has helped numerous hotels, resorts, restaurants, and other hospitality-related businesses thrive and we’re ready to help you too. Your customers deserve top-notch service and so do you.

If you’d like to learn more about our hospitality accounting services, simply fill out the contact form below to get started.

Please fill out the form below to contact us.

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Accountants and bookkeepers perform distinctly different tasks for the businesses they serve. Bookkeepers are responsible for on-going maintenance of their clients’ general ledgers. A bookkeeper’s common responsibilities consist of: Reconciling bank and credit card accounts, expense classifications, generating financial statements, reviewing daily company data, Accrual data, etc. While accountants use the accurate and up-to-date general ledger maintained by the bookkeeper to provide advisory services, such as: analyzation, advisory, etc.
We understand that every business runs differently and our experts have experience across a multitude of business. That’s why we want to get to you before we dive into your business. This allows us to service you and fit your needs in the best way possible.
Businesses no longer need to work with a local bookkeeper. The internet and cloud technology makes it easy for accountants to securely access their clients books anytime, anywhere. Business owners can now select a bookkeeper who truly understands their industry and operations, instead of hiring the closest available person.
Depending on the schedule that you choose for the books to be updated, we can perform the bookkeeping services daily, weekly, twice monthly, monthly, quarterly, and annually. Whenever our scheduled time occurs, the day before is the deadline to turn in documents that relate to the bookkeeping; bills, checks written, etc. During this update day, we will also perform any other tasks that may be due to process; online banking activity, payroll, paying bills, and reconciliations. As many banks these days allow for view only access where we are assigned our own login. we can access the banking and credit card accounts online. This allows the bookkeeper to grab statements, look up check images, deposit details and be able to fill in a lot of the missing details without having to ask the client for the information. If you don’t feel comfortable with that, we will rely on you to provide all the information.
We set a target date for the 15th for each prior month closing, however there are instances where there can be delays such as documents and questions that we may need in order to finish up the process.
We typically work with Quickbooks Online and Xero.
We offer a few packages with our base starting at $450/month. The frequency and type of services can change the price.
Yes – we can manage and pay your invoices and payables.
Yes – Our experts are up to date and the newest regulations and are able to file and prepare your sales tax needs.
Yes – Prime Ledger can set up, manage and run your payroll at whatever frequency you choose. We ensure each pay run is properly accounting for reconciles with your bank.

© Jordan Goldman, CPA, PLLC 2021