BMC Boykin Management Company Hotels, Resorts and Conference Centers BMC Boykin Management Company Hotels, Resorts and Conference Centers Featured Property In The News
Boykin Management Company Hotels, Resorts and Conference Centers
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About Our Company Hotel Management Services Properties Business Development
BMC operates properties in either a decentralized or centralized accounting environment. We provide a centralized back office accounting system coupled with corporate support to all of our hotels and resorts. Our financial reporting system resides on a Web-based ASP platform so that information can easily be exchanged with the properties, owners and traveling executives. Both the properties and the corporate office have access to this system via thin client technology enabling users to stay connected from almost any workstation with an internet connection allowing us to monitor profitability and performance for dozens of ownership groups. BMC uses state-of-the-art computers and software designed specifically for the hospitality industry. Accounting and Finance capabilities include:

Hotel Management Services
Operations
Accounting and Finance
Sales and Marketing
Human Resources
Condo Hotel Management
Asset Management
  • Accounts Payable - the processing, verification and payment of vendor invoices including year end processing of 1099 reporting for vendors.
  • Cash Management - forecasting and management of the hotels' cash resources, including the investment of cash balances.
  • Detailed Budget Preparation - preparation of the annual operating budget, business plan, capital expenditure budget and cash flow projection.
  • Management Information - preparation and presentation of statistical information to operating executives and ownership to facilitate identification of areas for improvement.
  • Financial Reporting - daily reporting, monthly operating statement, balance sheet, cash flow projections, full year forecasts and other various analytical reports.
  • Payroll Processing - all aspects of the payroll function including cost segmentation and daily labor productivity tracking, custom general ledger interface with the ASP back office system, and year end processing of W-2's, 8027's and other required regulatory reports.
  • Customized Reporting - we can provide customized financial reports to meet almost any owner's needs or requirements.
  • Standard Operating Procedures - formal documented procedures established within the company to ensure uniformity, consistency and adherence to the Uniform System of Accounts for the Hotel Industry.
About Our Company Hotel Management Services Properties Business Development Career News Contact