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Soleil Group's accounting procedures have been developed to provide prompt and accurate financial information to owners and management. By means of monthly financial reporting, which includes cash flow analysis, balance sheet, and a profit/loss statement, the owner is constantly appraised of the financial status of his property.
Soleil Group's unique system of daily accounting allows management to receive the current cash flow analysis, payables, receivables and inventory. In a comparative report, the previous year's month-to-date is compared to the present year's month-to-date for revenue, rooms sold, occupancy and A.D.R. This process allows Soleil Group Property Management to fine-tune a property's performance.
The Soleil Group is constantly seeking more efficient ways of reporting and information exchange. The Soleil Group employs the latest hardware and software packages and updates them at regular intervals. The crucial daily reporting of the properties has migrated from being paper based to web based.
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