Financial Accounting &
Management
At SGAS, we deliver tailored accounting solutions that empower hospitality businesses with clarity, compliance, and control. Our accounting services are designed to streamline financial workflows, enhance reporting accuracy, and support informed decision-making. From daily bookkeeping to month-end closings and audit support, we ensure that every transaction is tracked, verified, and aligned with industry standards—particularly USALI. Our experienced team collaborates closely with property managers and stakeholders to maintain financial health and operational transparency across all touchpoints.
Book Keeping & Daily Operations
• Comprehensive day-to-day bookkeeping solutions
• Daily clearing of bank feeds and bank reconciliation
• Approving invoices in coordination with the GM/AM and Coding them based on USALI standards
• Monitoring chargebacks and notifying GM/AM on a real-time basis
• Weekly/ Bi-weekly payroll entry posting and ACH recording
• Verification of Night Audit and Final Audit reports to identify discrepancies
• Preparation and finalization of Revenue to Cash Reports (cash & credit reconciliation)
• Balancing Guest Ledger, City Ledger (Direct Bill), Advance Deposits, and Payment-in-Transit accounts
Accounts Payable Management
Our Accounts Payable services are built to streamline processes and minimize errors, covering everything from invoice validation to ensuring vendors are paid accurately and on time:
• Weekly preparation of AP (Accounts Payable) unpaid report
• Verification of vendor invoices and avoidance of duplicate payments
• Allotment of proper Chart of Accounts (COA) codes
• Weekly banking report preparation for check processing
Month-End Closing Activities
Month-end doesn’t have to be stressful. SGAS manages the full spectrum of month-end closing activities, including:
• Allocation of common costs to respective departments
• Monthly payroll reconciliations Recording and verifying month-end closing entries, including:
• Accrued Expenses
• Prepaid Expenses
• Depreciation and Amortization
• Property Taxes
• Mortgages
• Franchise Invoices
• Sales Tax Discounts and Expenses
Financial Reporting
We prepare precise, audit-ready financial reports—Balance Sheet, Profit & Loss, and more—with rigorous internal reviews to ensure accuracy.
Our reporting includes:
• Preparation of Balance Sheet and Profit & Loss Account
• Budgeted vs Actual Variance Analysis Report
• Self-review and supervisor review of financials to ensure accuracy
• Timely submission of reconciliations and reports as per client deadlines
• Consolidation of accounts for group reporting (if applicable)
Compliance & Documentation
Compliance is non-negotiable in hospitality accounting. SGAS ensures that all the documentation meets industry standards and regulatory requirements.
• Weekly payroll cost comparisons with revenue insights.
• Monthly revenue reconciliation reports.
• Monthly insurance reconciliation reports.
• Estimated payroll and premium classification for Workmen’s Compensation.
• Quarterly premium and benefit calculations.
• Payroll data submission to U.S. Department of Labor (as needed).
