Doing accounts for hotel is slightly different as they have to constantly keep track of their cashflow. As markets become more and more competitive, the accounting software required by hotels have to be more robust and user-friendly. Here are some of the features hotels look for in their accounting software.
Hotel requires professional invoices and other reports. Their accounting software must help to streamline and automate tasks such billing. It should also help in tracking expenses and inventory among other functions.
For hotels with multiple outlets, they would want to know how each outlet is performing and their accounting software should be able to tell them that. With the right accounting software, they can extract financial information of any branch as and when they want and even compare the performance of all outlets. This information will be useful to hotel owners to decide where they should focus their attention on.
Third-party software integration
In this time and age, many would rather choose to book hotel rooms online for greater convenience and exclusive discounts. As such, hotel accounting software has to be able to integrate with third-party software such as online booking systems and e-commerce system. This helps to streamline the entire operation process from frontend to backend and helps to prevent human error along the way.