Recent Articles in Hotel Accounting

Review Energy Management Strategies to Assist the Bottom Line
Jan 27, 2014

The strong support of management is necessary for the energy conservation efforts to succeed. It must be more than “lip service.” The following article includes points that should be understood from the start.

How to take your Golf Course Operations to the Next Level
Jan 26, 2014

Golf is an important recreational amenity in the hospitality industry.   This checklist offers an overview of critical elements in improving your operations.

Plan Now to Improve 2014 Performance & Results With a Management Incentive Program
Jan 22, 2014

What may be The biggest threat to the brand capital of your hospitality business?
Jan 19, 2014

Two hospitality technology players are concerned that the industry is not applying sufficient urgency to its adoption of PCI DSS payment processing standards. They got together to voice their disquiet.

Nigel Allport of Agilysys and Andrew Brooks of Servebase see too many hotels and hospitality operators paying lip-service to the need to put PCI DSS at the heart of their business. By operating in a way that is not fully compliant, these operations put their valuable brand capital in jeopardy. It's a risk no hospitality business can afford to take.

6 Step Guide- How to Get a Business Loan
Jan 10, 2014

Money is the lifeline of any business, so whether you’re starting a business or running an existing one, securing financing is a major factor, especially for small businesses.  Many budding entrepreneurs find the task daunting and don’t even know where to begin

5 Key Elements for Good Hotel Management Agreement Budget Provisions
Jan 4, 2014

Good agreements create a balance between the rights and needs of managers to have the authority to operate a hotel in a consistent and predictable manner, while creating accountability and responsiveness to the Owner. One of the ways of achieving this balance is through the budget process detailed in a well-drafted hotel management agreement or HMA.

Cybersecurity Essentials for Small Businesses
Jan 1, 2014

You may be hearing the term “cybersecurity” more frequently these days and wondering how it applies to your small business – if at all. It does. Cyber threats are an issue for everyone, and small businesses are becoming more common targets for such threats and crimes because they often have fewer preventative or responsive resources. So, what do you need to know? Here are some essentials as featured in one of our latest online trainings.

Business Loan Application Checklist
Dec 22, 2013

Business Loan Application Checklist

Hotels Pay Their Debt
Dec 19, 2013

Readying Your Hotel for Sale
Nov 19, 2013

 With transaction volumes in early 2013, 50 percent ahead of the level in early 2012, many owners today are asking themselves if this is the right time to sell.

Who Uses More Startup Capital - Men or Women?
Nov 11, 2013

 More importantly, just because a business was launched with less startup capital doesn’t mean that it will be more successful. Are women entrepreneurs being more risk-averse to their detriment, or simply being frugal? What do you think?

Hotel Management - The Turnaround
Nov 7, 2013

Hotel Management - The Turnaround - By Niraj 'Neal' Dhanani  

Hotel turnaround management consists of several ingredients. First and foremost, time is of the essence. Speed and time in which the actions are taken will decide if and how the turnaround will be take effect or be completed. Along with speed, a strategic plan needs to be created by studying the market, comp-set, and property. The plan should include the basic who, what, when, where and how. Without a map, strategic plan, one cannot reach their destination.