It is important for hotels to keep track of the out and inflows of their cash, especially if you run a luxury resort in Tasmania. This can be efficiently done using certain software. By using the power of IT, businesses and accountants can perform the duty faster and more efficiently.
There are several accounting-software’s available, and most are free to download:
FreshBooks
This is on the top of the list as a great program used within the hotel industry. FreshBooks can streamline the accounting activities like billing and it presents you with a variety of features through an easy-to-use interface. Customise it to your accounting needs and personal preferences.
This software can help you prepare invoices and easily produces financial reports. It can track your expenses, keep you up to date with accounting periods and issue invoices. The cloud-based software makes all your financial data accessible online.
Nimble property
This is a great solution for the hospitality industry. It is built with hotels in mind to help them with all their accounting tasks and projects. With the opportunity to add in over 1000 clients, this is both great accounting software and an analytical solution. Nimble has unique features and functions that help you manage hotel finances. With its easy-to-use interface, you can monitor your daily sales, review the GSS information, compare budgets, revenue and expenses, check the occupancy percentage and so on.
Sage Intacct
This type of accounting software is also designed for hotels. It can handle all the financial information and all the hospitality tasks. Just by simply logging in you can view all of your financial information.
It’s a bookkeeping tool that can perform accounting duties automatically. It can deliver all the different accounting information for your specific hotel locations on demand. You can create charts of your financial data which you can download for free. This software works with different hotel ownership structures like multinational units and franchises. Sage Intacct meets the accounting standards.
Inn flow
Inn flow is a software tool that makes the accounting jobs for your business easy. Based all within the cloud, it makes it easy for you to get hold of your financial information. It can process the accounting data while assisting with your hotel management. The software can report across multiple brands very easy. Through a simple interface, it is very easy to personalise all of the great features. One popular feature is the fact it can schedule accounting report generation. You can try a demo product before signing up for the real deal.
Hotelogix
This is a software that holds all the bookkeeping facilities for different hotels. You can maximise the automation into a comprehensive solution. Let this software make your accounting tasks so much easier. It can boost revenue and assist with managing your hotel property. One interesting feature of the digital tool is the ability to be integrated with the web booking engines. You can garner the bookings without the need to pay commission. It can also be manipulated through applications on your smartphone.
M3AS software
This financial software will focus on growing your performance with its IT power. It is well suited for hotels and is designed to give you technical support for each and every step of the hotel’s portfolio. The digital tool is designed to give you analytics and accounting at the same time. You can use it to make service standards over a large chain of hotel venues, for example, a luxurious day spa. It can provide accounting assistance for small and large hotel businesses.
