Leisure Hotels & Resorts through it
partner Finance and Administration Services, L.L.C., maintains a
high level of accounting expertise within the hospitality
industry.
At the epitome of our process is our ability to
embrace and utilize today and tomorrow's technology to
improve our service and provide the information needs to
management and owners alike.
Finance &
Administrative Services
Operational Accounting
As
accounting and financial staffing specialists, you
can count on Leisure to present you with quality
financial reporting, timely payments to vendors,
streamlined payroll services and enhanced controls
over cash including reconciliation of bank accounts
and other services. Additionally, we provide daily
statistical reporting via our Internet portal,
LeisureNet.
Financial Consulting
Leisure
financial professionals have the ability to
structure complex joint venture arrangements and
develop the procedures necessary to track multiple
layers of income allocations and cash distributions
which are common within the real estate industry.
Additionally, complex income tax laws pertaining to
re-evaluations and service relationships can be
incorporated into the accounting service plan.
Income
Tax Reporting
Frequently, differences arise between accounting
under General Accepted Accounting Principles (GAAP)
and for income taxation. Many of these differences
relate to accounting for lives and methods of
depreciation and amortization., costs, current
deductibility of various accruals and numerous other
related differences. Leisure has the ability to
provide a summary of differences in addition to
detailed depreciation reports for GAAP, regular tax,
and alternative pre-opening minimum tax for case in
preparing tax returns.
Construction Accounting
Leisure's
accounting group has developed the system and
procedures necessary to manage construction and
property improvement projects. Construction
accountants at Leisure are familiar with all forms
of AIA contracts and documents and the pay
application process which is increasingly important
in today's changing construction and financial
environment.
