Hotel Online  Special Report

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 PAS Launches Hotel Financial Reporting Initiative to
Assist Owners/Operators in Compliance with
USALI 10th Revised Edition
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Service Offering Improves Transparency of Hotel Financial Reporting Ratios and Statistics
Uniform System of Accounts for the Lodging Industry
 
Rockville, MD, March 21, 2007 – Professional Accounting Solutions, Inc., PAS, a global provider of hotel back office accounting and technology services, announced today the launch of a new business service providing integrated core design, financial reporting and operating analysis to hotels and resorts based on the Uniform System of Accounts for the Lodging Industry (USALI) 10th Revised Edition.

PAS’ offering marks a natural extension of its related service offerings in hotel back office operations, deployment, shared service center strategies and help desk.  These services encompass value-centric approaches to business process improvements by delivering greater efficiencies and cost savings, strengthening SOX compliance/internal controls, and improving financial reporting and operating analysis.  With its ability to leverage its in-depth hotel accounting knowledge base and technology toolsets for back office operations, PAS addresses the increasing demand for creating real value in back office operations and transparency in hotel financial reporting and operating metrics.  These support clients’ need to improve profits and maximize owners’ total returns.

“PAS will bring fresh thinking and a renewed approach to the hotel financial reporting arena for the benefit of not only the operators, but also for the owners and 3rd parties who desire both timely and more information”, according to Bill Euler, Jr. CPA,  president of PAS.

PAS provides integrated core design, financial reporting and operating analysis to hotels and resorts based on the USALI 10th Revised Edition.  Drawing upon the experience and expertise of its team, PAS provides a wide array of services designed to deliver greater efficiencies and cost savings.  The PAS team includes CPAs and IT professionals experienced in hotel back office operations.

About PAS
PAS is a technology company specializing in the entire back office environment of hotels.  The firm has deployed over 400 financial systems worldwide, designed and built financial cores, and developed extract, transfer and load (ETL) tools for transferring and validating data from virtually any source system to any destination system.  PAS is a leader in shared service center strategies and best practices for back office operations.  PAS homepage is www.profact.com

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Contact:

 PAS
Daniel Maffey, CPA Director, eService
dmaffey@profact.com
T: (301) 762-8208 Ext. 242
www.profact.com

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Also See: PAS Introduces Hospitality Daily and Monthly Reporting eService; New PAS Hospitality eService focuses on automating daily and monthly operational information reporting for multi-hotel organizations / February 2006
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