Outsourced Accounting
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.
Your Benefits
M3 helps hospitality accounting professionals, no matter how big or small the task.
Whether hoteliers want to eliminate in-house accounting or simply need assistance as you grow, M3 has the team of professionals that can help you scale.
Stop worrying about cost
Top-tier industry veterans with decades of hospitality accounting experience oversee your account. We assume the risk and overhead, so you don’t have to.
Grow fast and grow responsibly.
Your core business is our primary focus. We design a team that works for you every day with no outages or delays. Production is maximized, processes standardized, and authority privileges customized.
Whatever your needs, it is our pleasure to be there for you.
When companies expand or reduce, interruptions happen. We help you minimize disruption by scaling to your needs – up or down – so you don’t have to. Your sustainability is our success.
M3 Platform Combines Hotel and Non-Hotel Entities
How We Help
When it came to choosing a new accounting solution, it was imperative that Baer incorporate robust, yet customizable, tools to meet the diverse needs of Blue Water Development’s hospitality businesses. For years, Baer used QuickBooks for some of the company’s assets, but was not pleased with the lack of financial details and audit trails and its inability to be customized to their needs. Furthermore, the hotel management company overseeing Blue Water’s hotel portfolio was using a different platform for its accounting needs. With multiple accounting products serving various aspects of the company, it was virtually impossible to compare reports and analyze data – let alone spot trends that impacted the organization.
Service Features
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.
Financial Statements
- 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.
End-to-End
- 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.
We keep everyone on the same page, so they can all work together as a team. ”
Casi Johnson
Chief Operations Officer/Innovations Leader, M3
Get the right 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.
Our support team is available seven days a week.
Our accounting software is easy to use but it is also very powerful. Sometimes hoteliers can use a refresher to unlock the true power of our hotel accounting tools. That is why our team is on standby seven days a week to assist you with your hospitality accounting needs.