HOSPITALITY INDUSTRY
Resturants
Hotels & Motels
At Globemars International, we offer the hospitality industry advanced accounting practices, cutting-edge technology solutions, and reliable staffing to help our clients stay competitive and navigate the unique accounting challenges posed by the industry’s operational complexities and high transaction volumes.
Our Industry Focused Services
Bookkeeping & Accounting
- Vendor registration and management
- Accounts payable
- Accounts receivable
- Daily cash recording from POS
- Bank reconciliation
- Cash flow management
- Month / year-end close
- Budgeting
- Corporate entity accounting
- 3rd party / channel sales reconciliation
- 1099 preparation and management
- Consolidation of financial statements
Costing & Operation
- Activity based costing
- Expenditure control
- Weekly cash tracker
- Stock reordering and valuation
- Rent payment
- Payroll management
- Customer service (calls and emails)
- Profit margin optimization
- Restaurant cost journal and GL audit
- High-volume transaction processing
Taxation and Compliance
- Sales tax compliance
- 1099 preparation and management
- Liason with CPA for audit and annual tax return
Technology
- System integration
- Troubleshoot issues within the softwares and provide effective solutions
Industry Software Expertise
