Finance & Accounting

North Pacific Management accounting and finance disciplines have been enhanced by taking a customer service approach to the functions. We ask the question “what information can we give you to allow you to better operate your business?”  The accounting process is constantly monitored to produce better and more useful information in a more efficient manner.  Many of the reports we offer are summary in nature, with detailed back up easily accessible for ease of review.  This allows the property operations team quick access to information to create action steps to address changes in their business.

We have shifted many responsibilities from the traditional Accounting model to the operating departments.  In this way, transactions are recorded correctly the first time by those who create the transaction, and the hotel operations staff owns the details for their business. In addition to having transactions recorded correctly at the source, we have eliminated many long-established procedures that have become redundant in today’s age of innovative technology.  The old adage of “we have always done that” is replaced by “why do we do this”. 

By analyzing our processes, we have become much more efficient and don’t get mired down by the details.  We always try to look at the bigger picture.

North Pacific Management’s Finance & Accounting team offers systems that include:

• Month End Checklist for Preparing Financial Statements
• Asset and Liability Account Reconciliations
• Hospitality Operational Audit Procedure
• Expense Descriptions and Classifications
• Balance Sheet and Cash Flow Statement
• Capital Expense Reports
• Daily Revenue and Labor Reports
• Comparison Reports
• Customized Reporting Capabilities