Sage Intacct for Hospitality
Managing a hospitality business requires a streamlined approach to financial operations and data insights. Sage Intacct is a leading cloud-based accounting and financial management solution designed to empower hotels, restaurants, and many other hospitality businesses – including franchise businesses.
Top Features & Benefits for Hospitality Businesses
Streamline Financial Management Across Your Business
Multi-Entity & Franchise
Seamlessly manage financials for multiple locations, stores, and brands with consolidated reporting and dashboards that provide insights across all entities.
Fixed Asset Management
Automate depreciation for equipment, furnishings, and property improvements. Easily track asset value for multiple hotels and restaurants.
Real-Time Cash Management
Access real-time financial and operational metrics, including cash flow, transactions, and daily revenue and liquidity across locations.
Automated Revenue Recognition
Ensure compliance and accuracy with automated revenue recognition tailored for recurring services, event bookings, or loyalty programs.
Order Management
Simplify quote-to-cash processes for bookings, catering, and vendor contracts. Save time and improve accuracy across your business.
Automated Purchasing
Streamline procure-to-pay workflows for food, supplies, and equipment. Track spending and maintain quality across all properties.
Team Collaboration Platform
Instead of instead of endless email chains and lost attachments, communicate with the team about specific expenses, accounts, and projects within Sage Intacct, which can be integrated with Salesforce Sales Cloud.
Software Integrations
Integrate your accounting with leading payroll systems like ADP, as well as many different hospitality management software, as listed in the Sage Intacct Marketplace.
Simplify Multi-Location Management
Consolidated Reporting: Consolidate hundreds of hotels, restaurants, or locations into one Sage Intacct system in minutes, without any manual consolidation. Manage financial data for each entity individually or view it all together in a unified system.
Currency Conversions: Ensure ASC830/ FAS-52 compliance with continuous live consolidation across different base currencies, automated currency conversions, and local tax reporting.
Quick Entity Setup: Easily configure new entities with inherited or newly created rules for inter-entity transactions, bank accounts, lists, chart of accounts, and processes.
Stay Ahead with Hospitality-Specific Metrics
Reporting & Dashboards: Build user-specific dashboards and reports with custom-configured hospitality metrics like average daily rate, occupancy rate, and menu performance.
Data-Driven Decisions: Use data from all locations to spot trends like peak seasons and staffing needs. Refine strategies, optimize marketing, and plan new openings with consolidated insights.
Live Data Sync: Connect your PMS, POS, payroll, or other systems with Sage Intacct for real-time visibility into these KPIs critical to leadership.
“We can quickly assess how we’re performing against budget and forecasts, or comparative pricing across locations, and what levers we might be able to pull to improve a certain metric.”
When Benchmark Global Hospitality Company, a leader in resorts, hotels, and conference centers, adopted Sage Intacct, they reallocated 20 FTEs from their manual accounting work.
Manage All Your Franchises in One System
Single Chart of Accounts: Enable franchises to manage their accounting within a single Sage Intacct system, with strict permissions allowing franchisees to see only their data.
Royalty Fees: Use Sage Intacct’s accounting reports to easily calculate royalties for even the most complex franchise agreements.
Operations & Workforce Management: Manage inventory and payroll seamlessly in Sage Intacct, with user-based permissions tailored to staff roles.
Beat Your Competitors with the #1 Cloud Hospitality Accounting Solution
Eliminate manual data consolidation, countless spreadsheets, and multiple QuickBooks systems, closing the books up to 70% faster.
Ensure compliance with evolving revenue recognition standards without sacrificing productivity or efficiency.
Trust the only accounting software backed by the American Institute of Certified Public Accountants (AICPA).
“Quite frankly, we saved the morale of our accounting department. Now everyone wants to stay due to the wonders of using Sage Intacct and the ideas we have for the future. Young accounting professionals are expecting a modern system like Sage Intacct, and they love it.”
Hospitality services provider, Creative Dining, improved cash flow by $760,000 upon switching from Intuit QuickBooks to Sage Intacct for Hospitality.
Burger King Franchisee Cuts Reporting Time in Half
Laird Management, franchisee of Burger King, switched from juggling multiple QuickBooks systems and Excel to a streamlined cloud solution, cutting their monthly close in half.
Hospitality Accounting Software Buyers Checklist
Adopting a new accounting system is a big deal. It’s important to ensure your team evaluates all future business needs and prioritizes modern features like AI-powered automation and cloud-based solutions.
Use our comprehensive software evaluation checklist to identify the features that matter most.
Hospitality and Franchise Businesses Rely Sage Intacct
From restaurants and hotels to resorts and wellness clinics—and their chains and franchises—Sage Intacct simplifies financial and operational management with a single reliable cloud solution.
Frequently Asked Questions
What sets Sage Intacct apart as an accounting system for hospitality and franchise businesses?
Sage Intacct is designed to handle the unique complexities of hospitality and franchise businesses, offering multi-entity and multi-location management, real-time financial insights, and automated processes that save time and reduce errors.
With features like consolidated reporting, automated inter-company transactions, and integrations with PMS and POS systems, Sage Intacct provides the tools needed for accurate, efficient, and scalable financial management.
What types of hospitality businesses is Sage Intacct suited for?
Sage Intacct is a feature-rich cloud solution designed to serve various types of hospitality businesses, including franchises. Sage Intacct for Hospitality is suited for businesses in the following categories:
- Hotels and Lodging: Hotels, motels, resorts, bed and breakfasts, hostels, and vacation rentals.
- Food and Beverage Services: Restaurants, cafes, bars, pubs, nightclubs, catering services, and food trucks.
- Travel and Tourism: Airlines, cruise lines, tour operators, and travel agencies.
- Entertainment and Recreation: Casinos, theme parks, golf courses, ski resorts, and other recreational activities.
- Event Planning and Management: Conference centers, convention centers, wedding planning, and corporate event management.
- Luxury and Wellness Services: Spas, wellness retreats, and high-end concierge services.
Our software experts are skilled at tailoring Sage Intacct to various business models within the hospitality sector. Each implementation is customized to fit the specific needs and challenges of your business, ensuring that you can maximize the benefits of Sage Intacct’s powerful capabilities.
Can Sage Intacct integrate with our existing hospitality software?
Yes, Sage Intacct integrates with popular property management systems (PMS), point-of-sale (POS) systems, creating a live sync for seamless data flow.
What kind of training and support will we get?
The Accordant Managed Services (AMS) team works closely with your finance and operations teams to understand your data and processes; this ensures a successful implementation. After go-live, you continue to receive ongoing support from Accordant’s team of accounting software experts. You will also have full access to Sage Intacct’s comprehensive knowledge base, user community, and training sessions.
How much does Sage Intacct for Hospitality cost?
Pricing for Sage Intacct varies based on the specific needs and scale of your business, including the number of users and required functionalities. Sage Intacct provides custom pricing upon request to ensure you pay for only what you need. To get a rough estimate of how much the solution would cost to meet your business needs, get in touch!
Transform Your Accounting with Sage Intacct for Hospitality
Submit the form to schedule a personalized consultation and demo of Sage Intacct for your hospitality business.