Accounting
In addition to our property management services, we offer optional accounting services for a nominal fee, in accordance with the Uniform System of Accounting for Hotels as approved by the American Hotel Association.
Our accounting services are designed to meet the unique needs of each individual property, however, our typical accounting process includes the following schedule of services:
Daily
Record revenue transactions from previous day.
Weekly
Accounts payable is processed for the property and the ownership is provided with an unpaid bills report and check run register.
Bi-Monthly
Payroll is processed for all employees and reports are prepared.
Monthly
Profit and Loss Statements as well as Balance Sheets are prepared and distributed. Occupancy and Sales Tax returns are prepared and filed.
Annually
Budgets are created for fiscal year operating period. W-2 and 1099 forms are prepared for all employees.
2333 NW Vaughn St. Portland, OR 97210
503.484.1113
503.484.1118