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Finance & Administrative Services

Leisure Hotels  maintains a high level of accounting expertise within the hospitality industry with a wide range of accounting and financial services.

Our service orientation is geared toward providing management and other users of property financial data with streamlined reports and accurate information to enable quick and appropriate decisions regarding current and future hotel operations.

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.