Hotel Accounting & Tax Advisory

When this company came to us in 2019, it was struggling to track revenue and profitability for its hotel construction, hotel management, and various other LLCs, partnerships, and S corporations within a single entity. While this impacted financial visibility and efforts to obtain business loans from banks, we have since resolved this lack of financial visibility. We currently provide monthly and quarterly accounting for managed hotels and business entities, manage accounts payable and accounts receiveable, prepare financial statements, provide managerial reporting, and liaise with banks during business capital efforts.

This organization was in a 6-year cycle of unsuccessful annual audits, despite having an in-house CFO for a while. They contacted us to assume CFO and controller services and remedy audit unreadiness. We provided bookkeeping cleanup and migration assistance to QuickBooks Online and BILL, then accounting policy development and internal controls implementation. We now act as controller and CFO for this organization.

This organization’s controller had improperly implemented QuickBooks Online and BILL, resulting in year-to-date books that were wildly inaccurate. We provided bookkeeping cleanup, audit preparation services, and trained accounting team to manage day-to-day accounting tasks. Client has since passed many audits successfully. We now provide monthly review, data entry assistance, and consultation.

This nonprofit receives grant monies to assist the homeless in various regions throughout California through downpayment assistance, supplies, and housing development projects. We provide grant allocations, grant reporting, budgetary development, accounts payable setup and review through BILL, and accounts receivable assistance for grantor invoicing. The end result of these services is that this organization has clarity on amounts for grant proposals, understands and can report on the expenditures related to grantor monies, and has audit-ready A/P and A/R processes.

We helped this organization migrate from QuickBooks Desktop to QuickBooks Online and currently handle all bookkeeping duties following a staff retirement. Beyond bookkeeping services, we assisted this client with setting up and supporting a BILL implementation to improve audit readiness related to accounts payables.