Accounting Chesapeake Hospitality

Accounting

The unsung hero in determining profitability is accounting. Proprietary procedures, tailored software and seasoned professionals who understand hotel operations distinguishes Chesapeake Hospitality apart from its competitive set. We provide a full range of reporting and financial services that are customized to meet ownership's specific requirements, including:

Daily/Weekly/Monthly Revenue Reporting that ties into ownership's reporting format
Daily Payroll Reporting and Analysis
State/Local Sales Tax Monitoring and Filing
Complete Payroll Services and Human Resources Management
Payroll Tax Filing through Third Party
Monthly Profit & Loss Statements and Balance Sheets prepared in accordance with the Uniform System of Accounts for Hotels
Monthly Cash & Balance Sheet Reconciliations
Cash Flow Management
Accounts Payable Management
Purchasing Management
Strong Internal Controls in Compliance with Sarbanes/Oxley Standards
Internal Control Audits performed bi-annually

Depending on the size of the property, MHI can provide:

Centralized accounting services: Smaller properties benefit from centralized accounting in a variety of areas, especially property-level accounting payroll savings, without jeopardizing property controls.
De-centralized accounting services: Larger properties utilize Chesapeake Hospitality's/MHI's centralized application server and proprietary software remotely to generate more detailed daily financial analysis at the property level.

To schedule a presentation or request additional information on how our accounting services can benefit your hotel or resort, please call 301-474-3307 or e-mail Joe Smith, Executive Vice President at jsmith@chesapeakehospitality.com