Financial Reporting

One of our finest attributes is our accounting team. Our financial experts have wide-ranging knowledge and are able to interpret data and provide financial intelligence across all brands, regions and hotel asset types. We use specialized, time-tested systems to interpret and deliver actionable financial intelligence in real-time to our revenue and operational teams to seamlessly shift or adjust their focus to achieve the highest possible revenue objectives and, in turn, profitability. This includes comprehensive financial reporting, meticulous data analysis, detailed financial forecasting, accurate cash management, strategies for maximum profitability and ultimately improved property value based on superior financial performance.

We also customize our services specifically to meet your needs. We provide daily reports to the management team utilizing our proprietary daily reporting package and have tailored our general ledger reporting package to provide you with the most detailed information in the industry. Additionally, we distribute our monthly reporting package directly to ownership in an electronic format making for easier accessibility and assimilation of information. Our goal is to provide About Owner leaders and ownership groups with meaningful financial detail that allows for profitable decision making in real time.

RRH's monthly reporting package includes:

Manager's Variance Report
Customized Sales & Marketing Reporting
Detailed Balance Sheet and Profit/Loss Statement
Detailed Trailing - 12 Profit/Loss Statement
Forecast and Statement of Cash Flow Projections
Detailed General Ledger Report
Monthly Occupancy and Average Daily Rate, by Day of the Week
Monthly Occupancy Graph, by Day
Customized Reporting as Requested from Ownership In addition to the monthly financial reports, RRH handles the following accounting services:
Financial Statement Production and Analysis
Budget and Pro Forma Development
Fixed Asset Management
Bank Account Reconciliation and Cash Management Services
Procurement of Credit Card Merchant Services - National Agreement to achieve the lowest discount rates available
Accounts Receivable Billing & Collection - Superior bad debt ratio to industry average
Purchasing Management with Approval System
Accounts Payable Processing with Vendor Statement Reconciliation
Payroll Processing and Tax Filing
Compilation and Completion of all State and Local Tax Filings
Development of Internal Controls with Annual Audit
Utilities Management
Property Tax Management