Bookkeeping for hotels
The Giersch Group specializes in scalable bookkeeping, accounting and management consulting services for hotels, inns, Airbnbs, and the like. Having an experienced financial professional at your service not only relieves you of the hassle and stress of keeping the books, it gives you a clearer picture of your firm’s financial health and helps you develop a plan for the future.
Take advantage of a free 30-minute consultation with the Giersch Group to learn more about how we can help your hotel. For your convenience, consultations can be held online, or at our Milwaukee, Brookfield, or Madison offices. Our services are 100% virtual and available nationwide.
Hotel Bookkeeping Backed By a Team of Professionals
Many hotel owners initially seek outsourced accounting help for the cost savings, only to discover that working with our team gives greater value than they bargained for. Our unique approach to hotel bookkeeping delivers more than CPA-ready books. You get enterprise-level accounting and financial reporting, backed by a team of professionals. We cover all your hotel bookkeeping essentials, provide insightful financial reporting, and most importantly teach you how to use your financial data to grow your business.
Our bookkeeping and consulting services benefit all types of hospitality and tourism industry businesses, including:
- Hotels
- Motels
- Airbnb hosts
- Bed & breakfast inns
- Ski lodges & resorts
- Campgrounds & RV parks
- Bars & restaurants
- Catering businesses
- Brewers & distillers
- Salons & spas
- Event planners
- Travel agents
Certified QuickBooks™ ProAdvisor for Hotels
As a certified QuickBooks™ Online ProAdvisor, we can train your staff in QuickBooks™ so you can use your financial statements to improve your business operations at half the retail cost of the software. Our QuickBooks Services include:
- QuickBooks™ installation & setup as a standalone service
- Reviewing your books for accuracy
- Organizing your books and fixing any mistakes
- Training on how to view & interpret your financial statements
- Training on QuickBooks™ advanced features
- Ongoing support for QuickBooks™ programs (payroll, accounts receivable, accounts payable, job costing, customized reporting and inventory tracking)
- Complete bookkeeping support and regular reporting in full accrual accounting
Understanding Your Financials
At Giersch Group, we ensure you not only have timely, accurate financial reports, but help you to understand your current and long-term financial picture. We pride ourselves on our hands-on approach to all of our clients, being available to answer any questions you may have about your financials.
Our Services for Hotels & Airbnb Owners
We offer more than just bookkeeping services for hospitality businesses in Wisconsin. In fact, all of our services are available online nationwide.
Contact us today for a free 30-minute consultation.
Case Study: Jim Wirtz's Woodworks
Case Study: Brew Pipeline
Frequently Asked Questions:
Why is hotel accounting challenging?
Hotel accounting requires a seamless flow of data and communication across numerous departments, vendors and revenue streams. Special attention is needed for hotels in different geographic locations, as each may have different regulations and tax codes. Giersch Group services don't just manage these aspects but provide data that will grow your hotel business.
What are the most important aspects to hotel business accounting?
The most important accounting aspects for a hotel business are tracking cash flow, budgeting, managing payroll, forecasting and tax compliance. Whether you need services in one or all, Giersch Group experts are ready to help you surpass your bottom line.
Do hotels face unique financial challenges as opposed to other businesses?
Yes. Hotel finances include many moving parts. Varying room rates, unpredictable occupancy, guest room charges, seasonality trends and staffing/resource planning make increased cash flow difficult. Giersch Group experts guide your business through these challenges and increase your bottom line.
