Accounting & Financial Reporting

Accuracy and timeliness in financial reporting are core requirements for any hotel management company. DePalma’s CENTRALIZED ACCOUNTING SYSTEM far exceeds these core requirements and ensures owners confidence in the control of their hotel’s assets and resources. Our comprehensive accounting services include complete internet-based secure payroll and personnel administration, monthly profit & loss statements, balance sheet, accounts payable, accounts receivable, extensive property audits as well as cash flow reporting and analysis. Additionally, PURCHASING/CONTRACT MANAGEMENT systems ensure purchasing standards—including bid reviews, product shopping and contract review—are utilized by property managers consistently.

"It has been a long time since I have had a reason to congratulate anyone’s performance in the hotel or real estate business. Now you have generated another healthy increase in revenue while decreasing total costs and expenses. I don’t know of a better way to judge a good hotel operator, but if I just watch DePalma Hotel Corporation, maybe I’ll see it."

John E. Cline
Vice President
Mitsubishi-Tokyo Bank & Financial Group