Hotel accountants oversee hotel budgets, staff payroll, and overall finances. This skilled position is ideal for candidates who enjoy accounting and customer service. Hotel accountants are detail-oriented employees and work with a high ethical standard.
Job Description:
Manage the Budget
The main duty of the hotel accountant is to monitor and manage the hotel’s overall budget. This is a broad responsibility that encompasses a lot of individual tasks and duties, such as monitoring expenses and making adjustments where necessary.
Process Payroll
The hotel staff need to be paid, and the hotel accountant is responsible for processing payroll. This is especially important to perform in a timely manner so the hotel staff can be paid appropriately.
Track Expenses
Hotel accountants track employee expenses through expense claims and company credit card purchases. Expense tracking is important for tax and reimbursement purposes. This can also help provide budgeting information so accountants can create future budgets.
Report Finances
Hotel managers and executives want to be informed on the overall finances of the hotel, and it’s the hotel accountant’s responsibility to create and present reports on these figures. As such, hotel accountants should be familiar with tracking and analyzing financial data.
Financial Auditing
From time to time, hotel accountants will perform audits on overall hotel operations. This includes auditing cash registers, credit card statements, and banking accounts.
Job Requirement
Bachelor's Degree in Accounting or other related field
Cognate experience in the Hotel/Hospitality industry
ICAN/ACCA
Minimum of 7 years Experience
Hotel accountants often use and should be familiar with any of the following tools:
Property management systems (Opera, Frontdesk Anywhere, Maestro)
Bookkeeping software (QuickBooks, FreshBooks, Xero)
Accounting Software: ( Sage Pastel, Peachtree)
Point of sale (POS) and cashiering systems
Microsoft Office Suite (especially Excel)
