The highly anticipated educational session will examine the latest updates for financial and operating reporting in the hotel industry.
Dripping Springs, Texas (September 29, 2023) – Professional Accounting Solutions (PAS), the preferred provider of back office and accounting solutions for the global hospitality industry and the leading provider of Infor SunSystems and Infor EPM services, announced it is sponsoring the educational session, “On the Horizon: A Deep Dive into the USALI 12th Edition,” at HFTP’s 2023 Annual Convention to be held October 18-20, 2023, at the JW Marriott Indianapolis Hotel in Indianapolis, Ind.
The Uniform System of Accounts for the Lodging Industry (USALI) was first published in 1926 to provide hotel owners and managers with operating statements formatted with operational information specifically for the hotel industry. During this educational session, the panelists will outline the updates made in the 12th edition, scheduled for release in 2024. The panelists include Agnes DeFranco, Ed.D., CHE, CHAE+, CHIA, CAHTA, Professor at the University of Houston, and the Hilton Distinguished Chair of the Conrad N. Hilton College of Global Hospitality Leadership at the University of Houston, and Ralph Miller, CPA, CA, CBV, CHA, CHAE+, President of Inntegrated Hospitality Management Ltd., member of the HFTP Global Finance Committee, and co-author of the Uniform System of Accounts for the Lodging Industry (USALI) 11th Revised Edition and upcoming 12th Revised Edition.
During this session, attendees of HFTP’s Annual Convention will hear about the revision process and timeline of the USALI 12th Edition and review the major changes in the operating and financial statements. The panel will review new schedules as well as the steps and strategies to build better schedules. Additionally, the panel will share resources to help attendees have a better understanding of the upcoming edition and its content, and gain proficiency in the new system through tips and best practices.
“PAS is proud to sponsor such an incredibly educational session at HFTP’s upcoming Annual Convention,” said Gayle Edwards, vice president managing director of PAS. “As long-time supporters of HFTP and its events throughout the year including the Annual Convention, we find that each year, the programming gets better and better, and this year is no exception.”
To learn why global hotel companies like YOTEL, Hilton and Corinthia, among many others trust PAS with their back office and accounting needs, and many technology partners around the world trust PAS to work side-by-side with them on their most important hotel clients, please visit the PAS team at HFTP’s Annual Convention and attend the session “On the Horizon: A Deep Dive into the USALI 12th Edition” from 12:45 p.m. – 1:45 p.m. in JW Ballroom 1-2 on Thursday, October 19th. To set up a meeting, please email firstname.lastname@example.org.
“The team at PAS is excited to sponsor this session,” said Edwards. “Just about every PAS employee across the globe has worked on both the operator side and the provider side at one point in their careers and possesses the unique experience of working directly with hotel finance systems. Our team possesses a high level of expertise and understanding of the latest USALI guidelines and is a resource to many hotel properties around the world. We look forward to the session on the 19th to hear more about the newest updates to share that information with our hotel customers and their finance teams.”
For more than 30 years, PAS (Professional Accounting Solutions, Inc.) has been a preferred provider of back office and accounting solutions for the global hospitality industry, including top hotel brands, management companies, REITs and casinos in 90+ countries. Its team of experts includes certified hotel industry professionals, CPAs and Microsoft Gold certified technology leaders that have worked to develop solutions for a wide range of challenges specific to hoteliers such as financial consolidation, fee calculation, audit pack capture/storage, integration, reconciliation and standardization. PAS customizes its products and support for each installation and provides a hotel-centric support model through its unparalleled help desk centers around the world. For more information on PAS and its services, please email email@example.com or visit http://www.profact.com.