RELIABLE AND TRANSPARENT FINANCIAL REPORTING
Your hotels profitability begins and ends with your balance sheet. At Blue Sky Hospitality, we specialize in sound financial management for the hospitality industry. We utilize the recently updated Uniform System of Accounts for hospitality along with a cloud-based accounting software for reporting and presenting financial statements.
Containing costs and balancing risk with reward are functions of dependable financial oversight. Blue Sky Hospitality can assist in a variety of services such as budgeting, forecasting, and capital improvement planning. Blue Sky has retained a CPA firm to assist in financial statement production and distribution. Miller Welle Heiser provides expertise in hospitality accounting along with the peace of mind of an established and trusted accounting firm with more than 30 years of experience.
Our Core Functions Include:
- Centralized Processing of Weekly Accounts Payable
- Daily Income Verification and Reconciliation
- Monthly Profit and Loss Statement
- Annual Budget Production
- K-1 Production and Distribution
- Payroll Processing and W-2 Reporting
- Loan and Tax Payments
- Cash Management
- Tax Preparation Services
- Capital Expenditure Budgeting