(508) 837-6510

(508) 837-6510

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    • Home
    • Commercial
    • Hotel/resort
    • Property Tax Analysis
    • More Services
    • About Us
  • Home
  • Commercial
  • Hotel/resort
  • Property Tax Analysis
  • More Services
  • About Us

Management & Accounting

Management & Accounting Management & Accounting

hotel and resort management

 

We have extensive experience in assisting many types of independent hotel and resort operators. Including franchisees, management companies, partnerships, banks with REO properties and both residential and vacation ownership condominium associations.  We have the skills to provide the necessary management and financial controls that are invaluable to Owners of many various types of hospitality related businesses including;  extended stay, limited /select service (rooms only), full service (rooms/f&b/retail, marina), all suite and condo hotels.

Let us help improve your business. We will supervise and elicit superior performance from your staff while instilling a "Can Do" attitude. We will strive for excellence in cultivating the guest experience. When employee morale and spirit of cooperation are high, customers are treated right and they take notice! They want to return to your business and tell others about their experience. While working to increase your sales and profitability, we will also constantly be reworking all costs for savings wherever prudent and possible.


Whether you are operating an existing property(s) or constructing a new one we can assist your endeavors.  We specialize in condo association  management, hotel management and vacation ownership management and renovations. Please contact us if you need assistance in completing a renovation project on time and on budget.


We pride ourselves in having an Owner's Perspective in every thing we do!

CORE SERVICES - MANAGEMENT

 

  • Sales and Marketing- Review, Planning & Forecasts
  • Customer and Vendor Relations
  • Housekeeping Quality Control
  • Resort Management
  • Identify Operational and Expense Inefficiencies
  • Timeshare Association Management
  • Personnel - Training and Productivity 
  • Personnel - Recruitment and Retention
  • Preventative Maintenance Program
    Renovation and Replacement of Furniture Fixtures & Equipment (FF&E)
  • Banking - Lines of Credit, Working Capital & Refinancing
  • Real Estate Tax Analysis 
  • Health Care Benefits - Evaluation & Recommendation
  • Contracts and Leases - Review and Negotiation
  • Condominium / Timeshare Foreclosures
  • Business Insurances
  • Technology - Evaluation & Recommendation
  • Hotel Management


Constant Challenges

 

There are many challenges in the hospitality business including; finding, keeping and motivating staff,  achieving quality control and consistency, maximizing revenues, effectively marketing for and generating new business, offering quality service to retain current business, maintaining the physical plant, ensuring effective preventative maintenance, constantly improving, upgrading and renovating, and at the same time always watching over costs and the bottom line.  


Together we can work to improve your hotel management and operations by increasing its profitability and potential resale value. 


 Here at TR Financial Services, we are experienced at Hotel  and Resort Management and are dedicated to helping you improve your operation and bottom line.

hotel and resort Accounting

 TR Financial Services is able to perform accounting  functions for a variety of hotels, residential condominiums and timeshare associations.   Our accounting services will give you timely information to make good financial decisions for proper hotel management.  In conjunction with your CPA, we will provide the necessary reporting to assist your internal management as well as your partners, investors or lenders. 

CORE SERVICES - fINANCIAL

 

  • Internal & Operational Control Review
  • Financial Statement Preparation, Analysis and Review 
  • Accounts Payable, Accounts Receivable, Invoicing & Billing
  • Full General Ledger Reporting
  • Budgets & Financial Forecasting
  • Cost Analysis & Controls
  • Condo Fee Billing and Rentals
  • Time Share Maintenance Fees and Rental Pooling
  • Condo Owner IRS Form 1099's
  • 5 year FF&E Capital Plans & Capital Reserve Studies
  • Payroll Journals and Reporting
  • Cash Flow Management and Planning
  • Review Labor costs, Time and Billing Systems 
  • Manage Working Capital
  • Front Desk /Night Audit Procedures
  • POS, Telephone and Reservation System Evaluation 
  • Accounting and Project Software Evaluation
  • Business Planning and Projections 
  • Presentations to Obtain Financing 
  • Complete Hotel Management




BUSINESS oWNER BENEFITS

Another set of skilled eyes with an Owners perspective is always helpful. Do not waste your time and resources balancing accounts, creating meaningless budgets and wondering what the impact of a desired financial outlay will be on your projected cash flow. We work, often  in tandem with your CPA, to help improve your operational control. 


Together we can create fast and reliable accounting processes to help management be more effective. This is accomplished  by creating efficiencies, lowering payroll and allowing decisions to be made with up to date accurate information. Allow us to help with your complete Hotel Management

INFO@TR-FINANCIAL.COM

  • Home
  • Commercial
  • Hotel/resort
  • Property Tax Analysis
  • More Services
  • About Us

TR FINANCIAL SERVICES LLC

  P.O Box  4004  Fall River, MA   02723   (508)  837-6510

  P.O Box  1031    Portsmouth, RI 02871    (401)  683-7555

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