As consumers become increasingly concerned about the impact of the food industry on the environment, sustainability has become an important issue for QSRs. From reducing waste and conserving energy to sourcing ingredients sustainably, QSRs are taking steps to minimize their environmental footprint and promote sustainable practices. One of the biggest areas of focus for sustainability […]
From Spreadsheets to Simplicity: How Automation is Simplifying Hotel Reconciliation
Reconciliation is an essential part of the accounting process, and it can be a tedious and time-consuming task, especially for the hospitality industry. Before introducing technology solutions, hotel accountants spent hours on massive spreadsheets, color-coding, filtering, sorting, and manually matching transactions. The reconciliation process required enormous effort, time, and resources that could have been better spent […]
Why Daily Credit Card Reconciliation is Essential for Hotels
Hotels handle a lot of financial transactions on a daily basis, from guest room charges to food and beverage purchases. Many of these transactions are paid for with credit cards, which means that hotels must be diligent about reconciling credit card entries with their payment processors and property management systems (PMS) to ensure that all transactions are accurately recorded and accounted for.
The Role of Cash in a Cashless Society
In an increasingly cashless society, the role of cash may change, but will not disappear entirely. In the past decade, we have seen a decline in the popularity of cash transactions to make room for the popularity of credit cards and more recently with digital payment on the rise. However, cash has remained present in […]