Within the dynamic realm of hospitality, where each visitor encounter is painstakingly designed, hotel accounting stands out as the unsung hero working behind the scenes. Behind the opulent décor, fine meals, and friendly greetings, a hotel’s accounting systems drive its financial core. This crucial but frequently disregarded element is the foundation for efficient operations, legal compliance, and long-term success. We’ll explore hotel accounting in this blog, dissecting its complexities and explaining its importance. What is Hotel Accounting? A specialist area

Accounting cybersecurity has been a hot topic of debate in the business landscape over the last decade. The conversation became especially relevant once remote work took over during the pandemic years and now, in the post-pandemic times. 2023 was an especially eventful year for the digital landscape, thanks to ChatGPT opening the floodgates on AI technology and allowing mass public access to some very powerful, and potentially dangerous, tools. This is precisely why we have decided to tackle the subject

“How to start a hotel business?” is not a question you come across every day, but when it does come up, it gives your mind a run for its money. After all, while most of us are no strangers to staying at hotels, how many of us have ever really thought of how to start a hotel business?   When we think of hotels, sprawling landscapes filled with tall buildings and brand names like Hilton and Marriott come to mind. But

Outsourced accounting services and outsourced supply chain services have changed the game when it comes to business. Where businesses used to spend exorbitant amounts of money to onboard professionals in accounting and supply chains, the advent of outsourced accounting services and third-party logistics providers has made these tasks far more cost-effective. At the same time, quality is hardly ever sacrificed when hiring outsourcing accounting services or supply chain services, as these firms are completely dedicated to providing these specialized services

Account Takeover (ATO) fraud is one of the main cyber-safety concerns that businesses must address heading into 2024. The statistics are incredibly alarming on the matter, with every new data report painting a grimmer picture. Sift’s Q3 2023 Digital Trust & Safety Index, for example, reported that account takeover fraud attacks saw an increase of 354% year-over-year in Q2 of 2023. These statistics are nothing short of incredibly alarming. Especially for businesses, with 73% of those affected blaming the brand

“Success in creating effective AI (Artificial Intelligence), could be the biggest event in the history of our civilization. Or the worst. We just don’t know. So we cannot know if we will be infinitely helped by AI, or ignored by it and side-lined, or conceivably destroyed by it”                                                                                                                                    Stephen Hawking In the wise words of the dearly departed Mr. Hawking, we stand at a turning point in the course of humanity. What once seemed like a distant dystopian future, found

Starting one’s own business and being known as an entrepreneur has its perks. It’s a rewarding experience indeed. With almost everyone interested in the entrepreneurial landscape and the number of businesses opened each ear rising at an astronomical rate, it’s only natural that everyone wants a piece of the pie. However, not many people know how to get started. Starting a business is not as simple as it may seem. There are several pre-requisite conditions to fulfill, and you cannot do