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Sage Intacct cloud accounting for hospitality

Deliver exceptional customer experiences while driving revenue and growth in your multi-property hotels, resorts, restaurants, entertainment venues, clubs, and other hospitality businesses with hospitality accounting software.

CFO Dashboard As of today All locations Revenue Gross Profit Operating Expenses Net Income (Loss) YTD Snapshot by Concept +322 vs. prior month Total Sales $8,199K -200 vs. prior month Cost of Sales $2,736K -578 vs. prior month Total Oper Exps $4,914K +54,402 vs. prior month Total Net Income $547K +10% vs. prior month Labor Cost Percentage 41% +14 vs. prior month Sales per Square Feet $136 +30 vs. prior month Guest Count 4,852 +40 vs. prior month Sales Per Guest $152 +36 vs. prior month # Meals Served 206 Store Square Feet 60,000 P&L by Concept Net Income (loss) Gross Profit Sales Sales Total Sales Total Gross Profit General and Administrative Benefits Health Insurance Office Expense Internet Services Office Expense Rent Total General and Administrative 12,000.00 12,000.00 1,752.50 52.50 1,200.00 12,000.00 500.00 10,247.50 7,954.00 1,373.25 73.25 800.00 7,954.00 500.00 6,580.75 7,954.00 14,518.00 2,800.00 150.00 2,150.00 14,518.00 500.00 11,718.50 14,518.00

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Powerful, automated accounting software for hospitality

Automate franchise operations, fractional ownership, global business units, and other complex holding structures—all while managing consolidations from the parent company.
Vancouver Montreal New York London Net income by Location Revenue by item 100k 80k 90,935.00 0.00 90,035.50 (90,108.00) 0.00 (4,586.00) 20,586.00 0.00 Cash Flow Detail by Entity Vancouver 03/06/2022 Montreal 03/06/2022 Operations Net income Item not requiring cash - Current Period Total Operations for Cash Flow Changes in Cash from Operating Activities Accounts Receivable Inventory Other Assets Accounts Payable Other Current Liabilities 178,075.00 0.00 178,075.00 (193,000.00) 0.00 4,589.00 13,905.00 0.00 Daily View As of today All locations CFO Cash and Cash Equivalent $14,775K +147,923 vs. prior month Revenue $224,407 +49,934 vs. prior month Net Income $131,788 +39,840 vs. prior month Expenses $20,524 -8,000 vs. prior month
Improve profitability and performance across all of your hospitality locations with rich, flexible financial reports and customizable dashboards specific to your hotel, restaurant, or hospitality business.
Income Statement AP Analysis Customer Aging Maine Florida California Texas Revenue by Entity Controller Dashboard Cash on Hand $5,086,913 Revenue YTD $1,015,540 Cost of Sales $32,868 Gross Profit $982,671 Net Income YTD $815,481
Seamlessly connect to leading applications for POS accounting, payroll, time/attendance, and any other systems across your hospitality business with easy, cloud-based integration.
Slash budgeting and forecasting time and effort by 50% and deliver smart financial insights faster and easier.
New Channel Scenario Add widget $1.5M $2M $2.5M $1M $500K $0 Operating expenses By Department Bookings growth $5M $2.5M $7.5M $10M 0 By Location Jun 22 $679.06K $715.1K $842.67K $2.24M Engineering General & Admin Sales & Marketing Total Budget

Advanced accounting for hospitality

Our features and flexible add-on modules are perfect for growing hospitality businesses to further automate and streamline complex processes.

Multiple-entity & global consolidations

Consolidate hundreds of entities across your hospitality business in minutes, not days—and boost productivity by more than 50%.

Revenue recognition

Intelligent, automated revenue recognition to help your company scale.

Cash management

Improve your cash visibility and cash flow management.

Collaborate

Collaborate brings your team together in one place to resolve issues quickly and efficiently to keep your business on track.

Order management

Streamline even the most complex quote-to-cash processes. Save time, improve accuracy, and increase profitability.

Purchasing

Get greater accuracy, speed and efficiency throughout your entire procure-to-pay workflow.

Fast close. Faster insights.

Download our executive summary to find out how automation helps SaaS accelerate financial close by 2.5 days every month.

Why hotels, restaurants, and venues choose Sage Intacct

Sage Intacct

With its flexible chart of accounts, Sage Intacct hospitality accounting management software lets you automate a complete range of operating or ownership structures, including franchise operations, fractional ownership, global business units, and other complex holding structures—all while managing consolidations from the parent company.

Benefits

  • Manage all your entities from one place and streamline intercompany consolidations
  • Make faster, smarter financial decisions and optimize resources with real-time visibility into hospitality specific metrics and dashboard analytics
  • Increase productivity for entire staff with automation and workflows that streamline processes to save time and reduce errors

Benefits

  • Confidently stay compliant with evolving revenue recognition requirements without compromising efficiency
  • Seamlessly scale as your hospitality business grows – with the advanced functionality to manage more complex processes
  • Eliminate manual effort, countless spreadsheets, and multiple QuickBooks instances while closing the books 70% faster
8.8 out of 10

A solution to support your unique needs

Maximize the performance of your hotel, restaurant, or venue with the best hospitality accounting software. Make strategic decisions to manage your multiple-entity, different currencies, and constantly evolving compliance mandates. With push-button consolidations, get a fast close and real-time analytics—in minutes—for maximum impact on the performance on your resort, lodge, restaurant, or other hospitality venue.

Hotels and lodging

Real-time financial visibility and efficiency for hotels and lodging.

Restaurants

Real-time financial visibility and efficiency for restaurants.

Hospitality accounting resources

Explore the latest research, guides, and webinars on accounting for hospitality.
Analyst report

Sage Intacct named a leader in IDC Marketscape Report

G2 report

Sage Intacct accounting software products— #1 in customer satisfaction

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Life after QuickBooks: Why it’s time to step up to Sage Intacct

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Brett Atkinson

Senior Vice President of Finance, Benchmark Global Hospitality

Every time we encounter a complexity, we quickly find there’s a way to solve it with Sage Intacct. If we have to accommodate consolidations with 10 layers of partnerships, we don’t worry about whether Sage Intacct can handle it because it’s so easy to use.

Wisdom for smarter business

Sage advice

Read our blog and get articles, insights, and tips for your company.
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Hospitality accounting software FAQs

We often encounter restaurants and other hospitality businesses that find it’s time to step up from on-premise software such as QuickBooks as they grow in number of entities, locations, brands, or complexity. If you’ve reached the point where your growth is being held back by manual data entry, cumbersome consolidations, spreadsheet manipulation, and lack of controls, a cloud hospitality accounting solution can automate your financial processes to save you time. By automating those repetitive, time consuming tasks, we’ve helped our customers save hundreds of hours a week and get access to real-time data.

And, as your business grows, you need an accounting system that grows with you. Sage Intacct provides a scalable architecture that supports growth, giving you the ability to set up new entities in minutes.

We’ve built our hospitality accounting software to support the evolving needs of the hospitality industry. Our hospitality accounting software features includes:

  • Automated Multi-entity financial management. Push-button consolidations aggregate transactions in minutes across your hospitality business with multiple entities, stores, regions, properties, and brands. Gain efficiencies and free-up resources by automating and streamlining financial multi-entity processes like procurement, month end close and intercompany consolidations.
  • Hospitality specific reporting and dashboards. Improve cash flow and revenue forecasting with real-time visibility into cost and performance data giving you the insights that you need to make informed management decisions. Gain real-time visibility into metrics and KPIs that matter for your business like RevPar, ADR, cost of goods sold, food cost percentage, RevPash, etc.
  • True cloud technology with open API: Track metrics central to your organization’s entire business by leveraging key data from your property management system (PMS), point-of-sale (POS), payroll and other existing or future systems important for your business.
  • Strong core accounting: Our key core accounting features provide the foundation for your financials: a dimensional general ledger, accounts payable, accounts receivable, cash management, order management, purchasing, and Sage Collaborate to communicate with your team in real-time.

Sage Intacct is a highly configurable, complete, modern cloud-based hospitality accounting software solution that accommodates the needs of hospitality organizations across restaurants, franchises, lodging, entertainment, fitness and recreation businesses. Your cost for the Sage Intacct software will depend upon the size of your accounting team and the modules that you choose to implement.

But cost is a relative term. With efficiency and productivity gains as well as increased financial visibility, our hospitality customers state that they get substantial ROI. With Sage Intacct ...

  • Tetherow Resort found the software paid for itself in less than three months.
  • Tender Greens reduced accounting overhead by 21% amid 90% business growth.
  • Benchmark Hospitality gained $800,000 a year in time savings.

To start your journey into real-time visibility, deeper financial insights, and faster data-driven decision-making, request a price quote.

Sage Intacct has been an innovative leader in the cloud financial management and accounting space for more than a decade. Over that time, we’ve accumulated widespread acclaim for our product and customer service as well as for our customer successes.

As the only hospitality accounting software preferred by the AICPA, Sage Intacct is considered the best hospitality accounting software solution by independent finance and software experts like AICPA, Gartner, G2, TrustRadius and many others.

In its G2 Grid Report for Mid-Market Accounting, G2 named Sage Intacct as a leader with the highest customer satisfaction score for ERP systems. And it wasn’t just this year. Since 2015, Sage Intacct has consistently had the highest scores on satisfaction, product direction, and net promoter score when compared to other cloud accounting software providers.

Sage Intacct has been an innovative leader in the cloud financial management and accounting space for more than a decade. Built by individuals with deep hospitality industry expertise, we understand the needs of the business and are committed to providing the solutions that help hospitality businesses boost productivity and profits.

  • Sage Intacct is a true cloud financial software system, essential to providing your business with a modern system to that provides easy integration and access anytime, anyplace.
  • Hospitality specific reporting and dashboards, along with the ability to easily customize across the dimensions needed for your business.
  • The best of all worlds, the stability of a global multi-industry software provider along with the deep industry experience and that comes from helping hospitality customers across all sizes and complexities better run their financial systems.
  • Sage Intacct is built to grow with you. You can start with our core accounting and add on as your business needs change. Our goal is to ensure that you are getting the highest value for your financial software investment, not just for today but for tomorrow.
Sage Intacct has an open API, so we integrate with virtually any system! And we have over 200 pre-built integrations. Check them out in our marketplace.

A best-in-class accounting software puts the power of choice into your hands. With an open API, Sage Intacct allows you to seamlessly integrate with the applications that are right for your business needs – with the flexibility to sync to other applications and systems as your business evolves.

Learn how to level up with Sage Intacct

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