Accounting & Asset Management

Hands-on, timely management insight

Not getting what you think you should from your bookkeeper?  Senate is your hands-on asset management & accounting resource.  Our years of experience as owners and operators of hospitality assets allows us look at your business from an operator's perspective and leads to greater operating efficiency and higher returns.

Our hands-on approach means that you will see us in person on a regular basis, and our experience allows us to help you create a solid financial and procedural structure for managing your business.  Any issues with daily transactions will be communicated when they occur so you can manage you business in a timely manner.

  • On-Site property inspections and policies, procedures and controls audits
  • Labor standards analysis
  • Financial statement review (comparison to budget and prior year)
  • Budget guidance (Operating and Capital)
  • Financing, refinancing and debt restructuring oversight
  • Brand relations
  • Sales and marketing strategies
  • Physical asset management
  • Construction project management
  • Accounting and cost control procedure implementation
  • Monthly journal entry recording
  • Accounts payable management and check writing
  • Fixed asset recording and maintenance
  • Monthly P&L, balance sheet and general ledger preparation
  • Monthly on-site review and analysis of all financial statements with management and ownership
  • Daily bank reconciliations (cash and credit cards)
  • Cash reporting and cash flow analysis
  • Coordination of bi-weekly payroll with 3rd party payroll company
  • Preparation and filing of sales, occupancy, liquor and business tax returns
  • Coordinate annual tax returns with 3rd party tax accounting firm
  • Analysis of operating variances compared to monthly/quarterly/annual projections

Brand Relationships

Certified with all major franchise brands, and experience operating & developing
franchise and independent hotels from the ground up.