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Our Organizational Structure is different from most other hospitality companies of comparable size for two reasons.

Number 1 - We have a team of seasoned CPA's and we assign a staff accountant to manage each asset or division.

Number 2 - We have an organizational structure that has a shared resources component, which the Accounting Department falls under.

How it works:
Our goal is to sustain one team of experts that supplies information and expertise to every investment without any one asset funding the cost for all those experts. Since the need for accurate information and services exists. Shared Resources addresses both issues by creating the team our stakeholders can tap into for their needs at less cost than any individual division or department would be able to justify as a stand-alone concern. Accounting, because it is separate from the asset, can maintain a fresh perspective and remain objective while staying committed to the asset’s return on investment.

Accounting supports every asset with:

Strategic focus of all assets from the CFO by looking at long-term needs and new ventures.

Monthly financial statements and supporting schedules. This keeps the asset on track with its budget and year-end goals.

Daily monitoring of policies, procedures and processes that maximize efficiency and profitability.

Financial analysis through flex budgets, cash flow projections, labor analysis and internal audits.

Establishing Reserve for Replacement budgets and schedules so regular asset upkeep is funded while eliminating unscheduled replacement issues.

Paying the bills, accounts payable and receivables - this service protects the asset by checking and correctly handling every invoice and properly recording revenue, expenses and net income for the asset.

Accounting supports all assets behind the scenes by:

Managing cash flow to sustain all operations throughout the year.

Focusing on labor costs through daily reports.

Running forecasts, reports, daily cash reconciliations and audits.

Managing franchise payments.

Properly handling budgets so there is no false reporting of profits or expenses for each year, and year-after-year, as well as adjusting budgets so assets are preserved for long-term ownership.