Weekly Financial Statements are specifically designed to help operators see financial performance compared to budgets and forecasts. Our weekly reporting of financial and key performance indicators (KPI) allows you to quickly and easily view your performance and determine areas of improvement.
Weekly financials can be created on demand for the department level, property level, and corporate level. This allows the different layers of management to focus on their areas of responsibility. The department manager will see only their departments, while the general manager can see all the departments plus a “rolled up” or consolidated statement showing the performance of the entire property. Top management can see everything and take action when necessary.
Drill Down to Invoices
Starting with top-level financial statements, you can drill down on any item all the way down to the underlying invoice images. This feature allows operators to review any expense and see the supporting documentation.
A single database feature makes for a comprehensive view of your organization. The MAX Hospitality database architecture means the exact data that populates the weekly financial statement is used to compute the monthly financial statement. Hence, if one had 4-4-5 accounting periods or 5-4-4 accounting periods, the last weekly financial statement for the month would tie to the penny to the official end of the period financial statement.
Flexible Monthly and Weekly Reporting
The MAX Hospitality System has been created to accommodate hospitality clients that have a calendar month for their accounting period but still need weekly reporting for the benefit of operations. In this case, the source data is always the same (obtained from a single database). No longer do you have to dedicate essential and costly resources to monthly and weekly reporting as the MAX Hospitality System accurately handles these processes quickly and with dependable results.