Axional ERP Financials have been designed to conform to all requirements of the hospitality accountants.

The Accounting System is fully integration throughout all modules. The advantages of this integration are dramatically enhanced when Axional ERP Financials are used at both corporate and remote hotel locations. When remote hotels are processing on the Axional ERP Financials System, data can be transmitted to the Corporate System on a scheduled basis. The transmitted data can be checked by Corporate Staff prior to the update of all appropriate General Ledger accounts, or it can update automatically.

Financial Reporting can include a vast range of statistics on: departmental statements, property statements and partnership or ownership statements. And the statistics that appear in these reports are user definable. If you choose to track weather conditions for a golf resort or power consumption of the hotel in kilowatt hours, the system will provide the statistics for analysis as long as the data is entered.

The Corporate Accounting System is designed to accumulate data for Multiple Hotels. General Ledger data can be analyzed for individual hotels, or consolidated regionally, by ownership, by brand, to produce detailed financial reports to view the big picture.

To handle a situation that is unique to hotel management, fiscal accounting periods may be different for each hotel managed by the corporate center.

Accounts Receivable will allow you to control Direct Bill approval. Management can set Security in the system to prevent unauthorized personnel from posting to Direct Bill Accounts.

Detailed or Summary Aging Reports can be produced at the hotel as required, and if scheduled in Data Communication, transmitted to the Corporate Center.

In a hotel environment, Food & Beverage Vendors will deliver goods almost daily, creating the need to handle many vendor invoices. These invoices usually affect multiple General Ledger accounts in different departments. 20 vendor invoices being paid by one check is not uncommon. Deliveries needing payment upon receipt of goods will require Hand Written Checks. The Axional ERP PA System was designed with these specific industry needs in mind.

Checks can be run by separate class codes, for example: beer, wine and liquor once a week, food items twice a week.

There are 4 methods available for Machine Written Checks. Invoices may be selected by any selection criteria like: Due Date, Specific Date, Vendor or by Invoice Number. Each method will produce a list of checks.

Accounts Payable Detail Transactions may be transferred to the General Ledger as required to print mid period Statements.

Inter-Company Transactions will allow corporate to purchase goods in volume and then to distribute the cost by inter-company journal entry or invoicing the appropriate hotel accounts for their share. Corporate AP has full Multi-Company and Inter-Company Distribution capabilities.