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:
bulletManager's Variance Report
bulletCustomized Sales & Marketing Reporting
bulletDetailed Balance Sheet and Profit/Loss Statement
bulletDetailed Trailing - 12 Profit/Loss Statement
bulletForecast and Statement of Cash Flow Projections
bulletDetailed General Ledger Report
bulletMonthly Occupancy and Average Daily Rate, by Day of the Week
bulletMonthly Occupancy Graph, by Day
bulletCustomized Reporting as Requested from Ownership In addition to the monthly financial reports, RRH handles the following accounting services:
bulletFinancial Statement Production and Analysis
bulletBudget and Pro Forma Development
bulletFixed Asset Management
bulletBank Account Reconciliation and Cash Management Services
bulletProcurement of Credit Card Merchant Services - National Agreement to achieve the lowest discount rates available
bulletAccounts Receivable Billing & Collection - Superior bad debt ratio to industry average
bulletPurchasing Management with Approval System
bulletAccounts Payable Processing with Vendor Statement Reconciliation
bulletPayroll Processing and Tax Filing
bulletCompilation and Completion of all State and Local Tax Filings
bulletDevelopment of Internal Controls with Annual Audit
bulletUtilities Management
bulletProperty Tax Management