Lower Expenses. Expand the Possibilities.
M3 Professional Accounting Services sources selects and maintains a team of on-demand CPAs, MBAs, and industry veterans with decades of hotel accounting experience. We provide everything from comprehensive management of the full accounting cycle to a la carte services of certain functions. We also can cover you when you have leaves of absence, staff shortages, or just need that extra hand for a month or two.
Why Outsource My Accounting?
With M3’s team of veteran accountants, you have a hospitality-specific accounting team on standby, working when you need them, as you need them. Whether you have a small back office team and need greater accounting functionality or a larger back office team and need to pare it down and shuffle some of their accounting responsibilities, M3 is skilled at helping your company scale in the right direction while ensuring that you meet your current challenges while building on a position of strength for the future.
Accounting Resource That Scales With You While Shrinking Overhead
How We Help
For Mark Ricketts, the decision to choose M3 as the company’s accounting and analytics platform of choice was an easy one. He had seen the power of the platform earlier in his career working with his father, Tom Ricketts, at Master Hospitality. What was new, however, was becoming one of the first management companies to take advantage of M3’s service offering, M3 Professional Services (M3PS). With M3PS, a team of seasoned hotel accounting professionals handle the day-to-day accounting functions remotely for McNeill, led by McNeill’s Vice President of Hotel Accounting, Mary Jean Campochiaro. It’s an arrangement that has allowed McNeill to grow quickly and not be burdened by recruiting and hiring experienced hotel accounting staff.
Accounting can be simplified with our hospitality accounting professionals
The M3 team spans both the hospitality and accounting vectors. Utilize our diverse background of expert knowledge to enhance your in-house processes or to trim your overhead costs. M3 can step in and help take a load off of your team’s shoulders.
- Balance Sheets give you insight to the financial position of any part of your portfolio.
- Profit & Loss Statements help hoteliers analyze financial performance over a period of time.
- Cash Flow data for visibility into all cash inflows and outflows a hotelier may need to monitor.
- Accounts Payable payments facilitated and documented. This includes invoice entry.
- Bank Reconciliations are done daily. Know what is received and reported as cash.
- Analytical Reviews are performed monthly on behalf of hotel entities and financial statements.
- Working Papers are reconciled with balance sheet accounts and embedded excel backups.
- Sales/Use/Occupancy Tax Filing/Remittance we calculate tax filings and remit payments.
Ask how we can lower your overhead
Over the years, our staff of hospitality accounting and tax professionals have streamlined processes and collated tips of the trade. Our sole mission is to lower and eliminate costs for hoteliers while refusing to sacrifice accuracy and quality. Email us to learn how we do it.
McNeill Hotel Company knew they would be growing fast, and needed an accounting resource that could scale with them as they grew. ”
Get the hospitality accounting people or get the right hotel accounting software
You can either hire our team to help with your accounting or give your team better tools to get their hospitality accounting done better, quicker, and more accurately. Either utilize our software, utilize our people, or utilize our resources. Either way, M3 is here to help.