Hospitality Financial Management

Your hotel’s profitability begins and ends with your balance sheet. At Crescent Hotels & Resorts, we specialize in sound financial management for the hospitality industry, ensuring efficient financial operations through our centralized accounting services. Our experienced team interprets and delivers actionable financial intelligence, in order to guarantee maximum profitability, and ultimately improve property value, based on superior financial performance. Crescent’s cloud-based financial services set us apart from other hospitality management firms and cater to the following extensive transaction processing and financial reporting needs:


Financial Reporting

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

Accounts Payable

  • Vendor Invoices
  • Utilities Management
  • Loan Payments
  • Partner Distributions
  • Electronic/ACH Payment 
  • Check Registers
  • Open Liability Reports
  • Vendor Aging

Payroll Processing

  • Centralized Data Collection
  • Payment Processing
  • Third-Party Tax Filing and Compliance
  • Employment Verifications
  • W-2 Reporting

Sales Taxes

  • Local/State Sales Tax Filing
  • Assistance in Managing Sales and Use Tax Audit


Treasury Management and Management of Cash Flow

  • Weekly Monitoring of Account Balances
  • Monthly Cash Flow Projections
  • Assistance with Banking Relationships

Fixed Asset Reporting

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

Discover how Crescent Hotels & Resorts — one of the premier hotel management companies in the U.S. and Canada — can give you the competitive edge for superior profitability and service by calling us at (703) 279-7820 or by contacting us today