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5 Steps to a Faster, Cleaner Hotel Month-End Close
Antonio Mallardo
The Problem :
- Most hotels lose 2–4 days every month during month-end
- Delayed P&L
- Unexpected variances
- Long hours for finance teams
- More questions from owners and GMs
The Opportunity :
Hotels routinely cut month-end by 30% with the right process improvements.
1️⃣ Validate Revenue Daily
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Fix discrepancies before month-end.
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Check PMS, POS, CRS, and Accounting daily.
2️⃣ Use Standardized Accrual Templates
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Accruals should be supported, not guessed.
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Templates for F&B, Rooms, Payroll, Utilities, Purchasing.
3️⃣ Automate Key Reconciliations
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Automate credit cards, bank feeds, payroll, and revenue journals.
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Less manual work = fewer errors + faster close.
4️⃣ Set Department Deadlines
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Finance closes as fast as the slowest department.
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Set cut-off times for:
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Revenue finalization
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Invoices & PO submissions
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Payroll adjustments
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Inventory counts
5️⃣ Use a Month-End Checklist
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Creates clarity and accountability.
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Everyone knows what, when, and by whom.
