Crescent Hotels and Resorts
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A positive bottom line begins with a healthy top line. This simple truth drives every action at Crescent, and serves as the theme of our countless success stories. Phil Wolf VP Corporate Finance
Accounting
Profitability for a hotel property begins and ends with its balance sheet. Ensure sound and efficient financial operation for your hotel, through the centralized accounting services offered by Crescent Hotels & Resorts. Our web-based services cater to the following needs:

Financial Reporting

• Profit / Loss Statement and Balance Sheet
• Monthly Account Reconciliation
• Bank Reconciliation, Statement of Cash Flow, & Analytical Analysis

Accounts Payable

• Vendor Invoices
• Utilities
• Loan Payments
• Partner Distribution
• Electronic / ACH Payment

Reporting

• Check Registers
• Open Liability Reports
• Vendor Aging

Sales

• Local / State Sales Tax Filing
• Assistance in Managing Sales and Using Tax Audits
 

Payroll Processing

• Centralized Data Collection
• Check and Advice Printing
• Direct Deposit
• New Hire Reporting
• Third-Party Tax Filing and Compliance
• Reports
• Employment Verifications
• W-2 Reporting

Treasury Management and Management
of Cash Flow

• Maintenance of Inner-Company Balances for Multiple Units
• Daily / Weekly Sweep of Accounts
• Cash Flow Projects
• Assistance with Banking Relations
 

Fixed Asset Reporting

• Maintaining Fixed Asset Ledger
• Tax, Book and AMT
• Preparation of Depreciation Schedules


Achieve a higher level of profitability and guest service from every investment in hospitality. Rely on Crescent Hotels & Resorts - one of the world's premier hotel management and ownership groups - to provide the competitive edge for superior performance. Call us at (703) 279-7820 to learn more about how our services may benefit you - or click here to contact us.

Click here for more about Management Services provided by Crescent Hotels & Resorts.


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