Emerald Hospitality Associates, Inc.
Accounting & Finance
With accounting practices built on a foundation of integrity Emerald Hospitality is capable of providing the highest level of accounting services associated with the hospitality industry. Streamlined accounting procedures, such as a centralized accounts payable system, help to provide consistency across our managed portfolio of hotels regardless of size or brand affiliation. Our practices provide innovative and comprehensive financial and operating data in an accurate and timely manner to all our properties and owners.
Emerald Hospitality takes the apprehension often associated with accounting services away from the property managers and owners. We provide skilled associates solely dedicated to the support of our managed properties and their accounting needs. In addition, we enlist the services of a third party CPA Firm to certify all financial statements before their distribution to the owners. By taking advantage of Emerald Hospitality's full service accounting capabilities our investors are able to find the peace of mind and confidence in our services that can often be overlooked by similarly sized companies in our industry. Listed below are some key accounting elements Emerald Hospitality can provide to its partners:
- Daily Cash, Check and Credit Card Reconciliations
- Monthly Payroll and Payroll Tax Reconciliations
- Accounts Payable Entry, Processing and Payment
- Sales Tax, Occupancy Tax, Use Tax & Commercial Activity Tax Reconciliation and Payment
- Monthly P&L Reporting
- Monthly & Yearly Cash Flow Projections
- Yearly Budgeting for Every Discipline of the Hotel
- Recording and Payment of Capital Plans and/or Renovations/PIP's
- Assist and Coordinate Financing for a Hotel Acquisition or Refinance
- Assist in Property & Casualty and Umbrella Insurance Policies
Additional Capabilities
Operations
Sales and Marketing
Human Resources
Asset Management, Development & Consulting