Hospitality

Hospitality

Transform F&A Operations & Drive Growth for Your Hospitality Business

Establishing a high-performing finance department for your hospitality business can be a complex and resource-intensive task, especially as the business expands. With the rising shortage of qualified accountants and high operational costs in the US, the challenge grows further. That’s where QX comes in.

We work with hospitality companies to build efficient offshore finance and accounting teams that not only help cut operational costs by 40-60% but also optimize processes and leverage smart automation. With QX, you can:

  • Tackle talent shortage with our pool of 2000+ qualified accountants
  • Efficiency gains via process optimization and automation
  • Real-time reporting & analytics to support data-driven business decisions
  • Choose from multiple delivery models – onshore, offshore & near-shore

Our Services

PROCURE-TO-PAY

  • Supplier Master Data Management
  • Supplier Invoice Processing & 3-Way Matching
  • Payment Run
  • Commissions Processing & Accruals
  • Travel & Expense Claim Processing
  • Supplier Helpdesk
  • Accounts Payable Reporting
  • 1099 Reporting
  • Vendor Reconciliations

ORDER-TO-CASH

  • Customer Master Data Management
  • Credit Check & Control Review
  • Debt Collection & Customer Helpdesk
  • Maintenance of Guest, Deposit and House Ledger
  • Corporate, Group & TA Ledger Maintenance
  • 3-Way Matching of Credit Card Receipts
  • Revenue Recognition & AR Reporting

PAYROLL

  • Processing New Hires, Leavers & Change Request
  • Bi-weekly & Weekly Timesheet Processing
  • Bonus, Gratuity and Expenses
  • Payroll Run
  • IRS & Other Payroll Submissions
  • Payroll Reporting

RECORD-TO-REPORT

  • Daily Reconciliation of Night Audit Reports
  • F&B Inventory Closing & Accruals
  • Month-end Closing, Accruals & Prepayments
  • Balance Sheet Reconciliations and Analysis
  • Management Accounting
  • Reporting & Consolidation
  • Sales Tax/ Use Tax Submission
  • Treasury Services
  • Bank Reconciliations
  • Cash Flow Statement Preparations
  • Financial Planning & Analysis
  • MIS Reporting – Audit Support Services
  • Corporate Accounting

BI REPORTING

  • Data Cleaning and Data Mining
  • KPIs on Occupancy, RevPAR, RevPASH & more
  • Data Visualization

Benefits

Discover how QX’s tailored finance & accounting (F&A) services help finance leaders in hospitality enhance operational efficiency, optimize back-office operations, and gain a competitive edge—without the worry of routine finance and accounting tasks.

Optimize Operations & Costs

Save up to 40-60% on operational costs and infrastructure expenses, while building a highly efficient and scalable F&A team.

Unlock Real-time Reporting

Leverage real-time access to financial data, allowing for faster, data-driven decisions that improve both day-to-day operations and long-term planning.

Maximize Your F&A Tech ROI

With our team’s unmatched expertise in a variety of accounting software, you can use your tech stack to the fullest.

Focus on Strategic Initiatives

By outsourcing routine accounting tasks, you can focus on higher-value activities that enhance guest services & overall business growth.

Ensure Business Continuity

Uninterrupted operations with dedicated teams, driven by strict KPIs and SLAs, ensuring seamless coverage during holidays and peak periods.

Guarantee Data Security

Our systems comply with international standards, including AICPA SOC, ISO 27701, ISO 27001, and CyberEssentials Plus, ensuring robust data protection.

Automation-driven Business Transformation

At QX, we empower hospitality businesses to drive operational excellence through automation and seamless integration, no matter what technology you use. As a platform-agnostic provider, we work well with a wide array of software to accelerate digital transformation for your business:

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Resources

CASE STUDY

Enabling Process-Driven F&A Operations for a Luxury Holiday Park Company

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Hotel Financial Success: Essential KPIs and Actionable Insights

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CASE STUDY

Achieving Operational Excellence in Finance and Accounting Operations for a Pub Group

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Set up a consultation call with our experts to enable transformation for your hospitality business

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