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6 Benefits of Hotel Accounting Software

Dec 15, 2022

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Hotel management has to keep track of a variety of important numbers. They have to track what they're spending, what they're taking, how much they owe and where the money is coming from and going to. Accounting software can help with all those tasks.


Hotel management and accounting software has become standard in most hotels across the world. With changing technology, the need to streamline processes has never been more important. The accountant works with the general manager to maintain the company's profitability.


These are some of the tasks that accountants have that fill up their time:




  • The way to provide accurate monthly account statements is to use automatic bill inserts.

  • Prepare monthly, and annual budgets.

  • Now is the perfect time to make a comparison of past and present profits as well as your budgeting a profit figure for the coming months.

  • It's important to have a financial report prepared to help your business be clearer and more transparent.

  • Our cash flow estimates are geared towards planning for growth and give you an accurate understanding of your business’s financial condition.

  • Manage payroll

  • Performing business planning

  • Automated hotel accounting software makes it easy to get the facts, record all these transactions, and see the debt in light of your projected budget.


Hotel Accounting Software has many benefits for hotels


1. Provides actionable insights that help you make better decisions in your business


With a user interface that's intuitive, businesses can run their own research with ease. Nimble Property will give actionable insights on your Hotel or Hotel Chain side-by-side to make it easy for you to analyze the gaps in your revenue and run the hotel profitably.


Here are a few capabilities that look down into the data of your hotels, allowing you to make smarter decisions.




  • Real-time occupancy %, ADR, & RevPAR.

  • We provide a consolidated view of the revenue across departments.

  • The company boasts that it serves more than 100 guests, who highly review the hotel for guest satisfaction.

  • Budgets Comparison and Profitability Check

  • Alerts on Pending/Overdue AP & AR

  • Want to stay on top of all happenings while also keeping an eye out for new information? With our updated blog, you'll always know what's going on.


2. Hotel Specific Reporting for Financial Success


What matters most is how we do it. The crucial component of getting it right is selecting the right type of report for your needs.


Fast, detailed and intuitive financial reports help you to stay in control of your operations and make it easier to manage as a hotelier. Plus, the exclusive widget gives you the ability to take these reports outside of Nimble and share them with other systems.


Or if you have a limited-service or full-service hotel, your reports will get created and accounts & finances will be tracked in just a few minutes.



3. Budget & Forecasting for Strategic Planning


When you've tackled your budget and forecasting procedures, you'll be able to easily control finances, determine your profitability, and plan for a better future.


Using a Budget & Forecasting tool, you can create budgets based on departmental-wise spending in order to avoid overspending on any contributing aspect of your business.


With Flawless, you can adjust the upward percentages for budget and process the desirable reports with little effort.




  • The advantage of Budget & Forecasting is that you're able to create custom forecasts.

  • Create personalized budgets that are flexible, with statistics

  • Make adjustments and processes the hotel undertakes

  • Get the most out of your financial data with budget management software.

  • Avoid data collation

  • Fetch comparisons via guests’ outlet history

  • Review, export, and compare plans


4. Cash Flow Optimization for Business Growth


With the In & Out of Cash Flow, you get a streamlined system that helps you run your business with ease. Plus, it helps you keep healthy vendor relationships and speeds up your profits.


Living lean doesn't have to mean living in a cash-only lifestyle. Nimble Property lets you keep track of your outstanding payments, receipts, and upcoming tasks on one screen so you can make the most out of every single day.


Here are some of the highlights from the article:




  • With Automated Bill Entry, you can focus on your work, knowing that our fully-automated OCR scanning will help ensure your quality referrals.

  • Alerts on overdue payments and receipts

  • PMS Integration for Account Receivables

  • Does your company have an accurate cash flow forecast? With Cash Flow Forecast Generation, you'll know exactly what to plan for from day one.

  • Built-In AP and AR Approval

  • The cited guides will contribute to helping you keep your hotel business in control and avoid any cash flow problems that may arise.


5. Achieving Automation in Daily Sales


If your General Manager has trouble inputting daily sales manually during a time of audit, it's a long and hard task that can be time-consuming.


The process of running a business is complicated, requiring many people to work as a team. It can be difficult for accountants to juggle between the sheets and also have enough time to approve books.




  • We've streamlined the whole accounting process for you with Nimble Property. With the accuracy percentage at 100% and the error percentage at 0%, the advantage can go maximum.

  • Nimble enables you to create and instantly access reports that contain information about your shop.

  • Freedom to update content without downtime

  • Daily Sales & Night Audit

  • Not only are we excited to offer you a plethora of opportunities, but we're also excited to hear your thoughts and suggestions.

  • Marketers who are sold on our service can take advantage of a promotion for an immediate two-week head start on their management discounts with the Exclusive Manager Login.

  • Tracking your activity is important for the personal and business benefits. Seamlessly.

  • Receive confirmation emails and automated notification alerts in real-time


6. Fast and effective results


People are always looking for ways to save time and money when it comes to their business. With ‘Nimble Property’, you can cut down your back-office costs by 50% and save time in handling bookkeeping.


If you're struggling to grow your hosting business without having to rely on third-party tools and software, back-office automation is the answer. This can help you spend more time managing your client base and helping them do what they need. It's a simple tool that aggregates your revenue and expenses on a single report.

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