Financial Management

Containing cost, managing assets and balancing risk with reward are functions of dependable finance and accounting oversight. WHG can assist in this critical function for any hospitality venture through the utilization of a variety of modeling and planning tools which can be integrated into any hotel or restaurant. These systems are designed to maximize the potential for profitability, and can be used either as a centralized unit, or within a property’s current system:

• Financial Statement and Balance Sheet production and analysis
• Accounts receivable oversight and accounts payable processing
• Payroll administration and audit, in coordination with outsourced payroll production and audit of all federal and state returns
• Regular audit of the property by Regional Staff
• Development and implementation of control systems
• Budget development, review and approval
• Cash Management
• Capital Expenditures Budget
• All hotel accounting functions supervised by Corporate Controller
• Produce and distribute all other reports requested by owners or their representative