Accrual Accounting for Hotels: How Fairmas Improves Financial Performance

Accrual accounting for hotels is essential for modern hotel financial planning and analysis. Unlike cash accounting, which only records transactions when money changes hands, accrual accounting captures revenues and expenses when they are incurred. This provides a more accurate view of a hotel’s performance and helps operators, asset managers, and...

Case Study: Hotel Opening Purchasing & Installation

A developer engaged a project management (PM) team and a large, reputable procurement firm for a high-end, dual-property coastal hotel development in California. As the opening date approached, it became clear that while construction was progressing, the status of the FF&E (Furniture, Fixtures and Equipment) was largely unknown.