NetSuite Cloud Accounting Hospitality Software
What is NetSuite Hospitality Accounting Software?
NetSuite unifies data from property management, POS, and back-office systems on a single cloud platform tailored to the hospitality industry’s core pain points. Night audit revenue, tips, departmental expenses, and intercompany charges flow automatically to the general ledger, delivering instant visibility into RevPAR, food and beverage margins, and cash flow forecasts across locations.
Improve financial reconciliation for faster insights
Real-time, auditable numbers
With manual posting and reconciliations largely eliminated, controllers get clean, auditable numbers in hours instead of days, giving operators the insight to tweak rates, menus, or staffing—before profits slip.
NetSuite Hospitality Accounting Software features
From nightly revenue posting to multiproperty consolidations, NetSuite’s hospitality-tuned accounting capabilities pull scattered PMS, POS, and back-office data into a unified, real-time financial engine.
General ledger
NetSuite enables hotel finance teams to create USALI-compliant charts of accounts and automatically post daily PMS and POS journals. Tag transactions by property, outlet, shift, or room class for granular performance visibility across your portfolio.
Cash management
Forecast seasonal cash swings and monitor multiple operating and trust accounts with NetSuite’s automated bank feeds. Know exactly whether tomorrow’s payroll or linen delivery is covered while maintaining complete transparency into your cash position.
Accounts receivable
NetSuite simplifies hospitality receivables by generating folios and group invoices with embedded pay links while automatically applying deposits. Accelerate collections from OTAs, corporate events, and franchisees to shrink credit-to-cash cycles and keep capital flowing.
Accounts payable
Save time by using OCR to capture vendor invoices from food, beverage, and amenities, then route approvals to the relevant managers. Time payments strategically to match shoulder-season cash constraints or take advantage of early-pay discounts.
Account reconciliation
The ability to auto-match PMS/POS deposits, gratuities, and chargebacks to bank statements can slash nightly and month-end reconciliations from hours to minutes. Automate complex reconciliations across every property while maintaining accuracy and compliance throughout your portfolio.
Tax management
Calculate occupancy, meals, and liquor taxes down to line level across cities, states, and countries. File returns for multiple jurisdictions and handle VAT/GST for international brands—all within NetSuite, not spreadsheets.
Close management
Accelerate the financial close with streamlined consolidation, automated intercompany eliminations, multicurrency support, and guided task workflows. NetSuite helps teams close their books days sooner while properties remain operational around the clock.
Fixed assets management
Automate depreciation by asset class and location, assign assets to specific outlets or departments, and schedule preventive maintenance tasks with preset alerts. Integrate with maintenance management systems to cover capital-replacement needs before guest satisfaction suffers.
Payment management
Accept EMV, mobile wallet, online, and kiosk payments in guests’ preferred currencies across every revenue channel. Built-in tokenization and PCI-compliant security protect card data, while automated settlement reconciliation accelerates cash collection and simplifies audits.
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NetSuite Hospitality Accounting Software benefits
Challenges NetSuite Hospitality Accounting Software solves
SuiteSuccess – Your proven path to success
Leveraging more than 25 years of experience working with tens of thousands of organizations, across all industries and business sizes, our SuiteSuccess customer lifecycle methodology helps customers transform their business. It starts by building an AI-powered, integrated business suite with industry-specific solutions. Then we engage with your business to ensure that we’re addressing your specific needs and guiding you along the way on how to best consume and optimize NetSuite to solve challenges of today and the future. This approach helps ensure customers experience faster time-to-value, better ROI, and greater employee adoption.
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How much does NetSuite Hospitality Accounting Software cost?
Companies of every size, from prerevenue startups to fast-growing businesses, have made the move to NetSuite. Looking for a better way to run your business but wondering about the cost?
Users subscribe to NetSuite for an annual fee. Your license is made up of three main components: core platform, optional modules, and number of users. There is also a one-time implementation fee for initial setup. As your business grows, you can easily activate new modules and add users—that’s the beauty of cloud software.
NetSuite Hospitality Accounting Software is available as an add-on module.
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Essential learning
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- Hospitality Financial Management: A Complete Guide (Article)
- 6 Business Benefits of System Integration in Hospitality (Article)
- Accounting Software for Hotels: A Buyer’s Checklist (Article)
- Hotel Accounting Explained: Everything You Need to Know (Article)
- Smart Growth: How Your Business Can Benefit From NetSuite and AI (Guide)(opens in a new tab)