ACCOUNTING AND CAPITAL PLANNING

We offer full service hotel accounting services to all of our client hotels. JHS has an Accounting Department staffed to handle accounts payable, financial reporting and other services for the company’s managed properties. Accounting processes are regularly analyzed by ownership’s CPA firms.

Some larger properties have their accounting performed on-site. JHS coordinates the setup of the accounting systems and monitors them on a consistent basis.

We use sophisticated M3 Accounting and Analytics software, with reporting capability for all common reporting requirements.

Reports include:

• Disbursement Activity
• Accounts Payable
• Accounts Receivable
• Changes in Cash Position
• General Ledger Transactions
• Balance Sheets
• Hotel Financial Statements

The selection of effective capital expenditures is critical to the short and long term value of the hotel. Strategic hotel capital planning is needed to insure that cash reserves will be sufficient when the required improvements are required. Short and long-term planning is needed to ensure that cash reserves will be sufficient to meet the cost of improvements to be made, as scheduled, to maintain (and enhance) the value of the hotel.

ANNUAL PLANNING – Each year, JHS updates a short-term and long-term capital plan for each of our client hotels. A complete report is presented to ownership for assistance in assessing upcoming capital improvement planning. This ensures that you, as the owner, are not faced with unexpected capital expenditures.