How to Use Real Time Accounting in Hotel Business

For a mid size start up hotel in India now the accounts are kept in excel sheet to record day to day and preliminary expenses. The operations are to commence shortly. What are the procedure and methods to be followed to integrate it into real time accounting by taking into account all regulatory requirement like vat,income tax etc.

which is the best book available on hotel accounting from establishing and running a new one and which is the good accounting software for mid size hotel of thirty rooms with restaurant and pub. Kindly guide.

Thanks And Regards

Ravi India

Ravi, you want to promote your hotel business at large scale, real time accounting system is better than just recording daily transaction in excel. You can use any ERP software for this. Just searching ERP software, you can find big list of these software.

You can also very simple accounting software Tally.ERP 9 which can easily us for completing your statutory requirement. Within second, you can find the update of all its financial statements. Hotel accounting is not so difficult. Like any other business, there will be different expenses which you have to record in hotel accounting. You will have to also record incomes and other receipts from different parties.

Vinod Kumar

Educator

Prof. Vinod Kumar is an Indian Educator, Motivational Speaker, Naturopathic Practitioner and Entrepreneur . He is the founder of Svtuition... read more »

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