How Sage Intacct Simplifies Multi-Location Accounting for Hospitality

by Dean Huber | May. 24, 2023

Whether you own hotels, clubs, resorts, or restaurants, you need powerful, flexible accounting software that can handle the complexities of a multi-property hospitality company. At Kernutt Stokes, we advise businesses like yours with best practices to manage growth and drive profitability. A top best practice? Use Sage Intacct cloud accounting software.

Here’s why we love Sage Intacct for your hospitality business:

Strengthen financials across entities

With its flexible chart of accounts, Sage Intacct for hospitality lets you automate a complete range of operating or ownership structures, including franchise operations, fractional ownership, global business units, and other complex holding structures — all while managing consolidations from the parent company. And Sage Intacct helps you keep pace with evolving revenue recognition requirements to ensure compliance without compromising efficiency.

Analyze and improve your business’s performance and profitability

Get the entire picture of your company’s financial performance with Sage Intacct. You can:

  • Track real-time performance centrally and across all of your hotel and hospitality locations.
  • View accounting and finance information by location, groups of locations, concepts, regions, or other dimensions you use to measure performance.
  • Improve cash flow and revenue forecasting with real-time visibility into current inflows, outflows, and revenue streams.
  • Uplevel your analysis with Sage Intacct’s financial reporting and financial dashboards.

 

 

 

 

 

 

 

Work more efficiently in the cloud

Whether it’s for hotel accounting, food and beverage accounting, tax, or POS accounting, Sage Intacct offers easy, cloud-based integration with leading applications, including:

  • Payroll
  • Time and attendance
  • Facilities management
  • Inventory management and purchase ordering

Because it’s cloud-based, Sage Intacct gives each hospitality facility secure, web-based access to real-time information — in any browser, from any device. Role-based access lets you determine who sees what.

Whatever your employees’ role, Sage Intacct increases productivity for the entire staff with automation and workflows that streamline processes to save time and reduce errors. And Sage Intacct eliminates manual effort, countless spreadsheets, and multiple QuickBooks instances while closing the books 70% faster.

Your Sage Intacct journey starts with Kernutt Stokes 

One of the biggest challenges our clients face is getting disparate accounting systems to communicate — especially difficult for hospitality businesses with multiple entities. As a Sage certified partner, Kernutt Stokes has the experience and expertise to implement Sage Intacct for multi-property businesses like yours.

So instead of dealing with data silos and fragmented systems, you can trust Sage Intacct as a single source of truth for financial insights into your business. To get started, contact us for a free consultation.