Accounting

Vimahotels Management Design & Build provides managed properties with a full-service centralized accounting department that understands the complexities of the hospitality industry. All accounts are kept in conformity with the Uniform System of Accounts for the Lodging Industry and are reviewed on a continual basis.
Vimahotels Management Design & Build manages all aspects of the accounting professionals handles the demands of a multi-property accounting system. Our team able to provide managed properties a complete hospitality accounting solution on a daily basis. Constant assistance is provided with all accounting functions to each property. Vimahotels Management Design & Build provides the property with a comprehensive hospitality operations guide that covers all aspects of on-property administration. These policies and procedures are reviewed annually by both our hospitality accounting staff and our independent certified public accounting firm to make sure they are up-to-date with the most current standards in the industry. The accounting department also provides training on a wide array of hospitality accounting issues to the on-site management staff as needed.
Vimahotels Management Design & Build currently utilizes a state of the art centralized accounting system which allows our hospitality management company to spot and respond to costs and performance changes quickly. Vimahotels Management Design & Build Hospitality uses this web-based business intelligence to drill down into financial data to get a better look at specific account information and monitor and manage trends.
Standalone accounting services available to hotel owners:
General ledger analysis
Fixed asset recording and maintenance
Accounts payable management and check writing
Accounts receivable management and monitoring
Daily revenue reporting and analysis
Daily cash reporting and cash flow analysis
Coordination of bi-weekly payroll with our payroll service
Preparation of bi-weekly payroll management and overtime reports
Preparation of monthly sales and use tax returns
Preparation of monthly financial statements and reports
Analysis of operating variance and monthly/quarterly/annual projections
Preparation of annual operating and capital budgets
Comprehensive internal audits
Other consulting services for our owners including income tax assistance and new development analysis