M3 Hotel Accounting Now Offers Flex Budgeting

• 
  SAVE
• 
  SHARE
• 
  TEXT SIZE
• 
  PRINT
• 
  COMMENT
• 
  PDF

. October 14, 2008

GAINESVILLE, GA, MAY 17, 2006. Launched in 1998, M3 became the first to offer hosted accounting applications, specifically for the hotel industry. Since that time, the program has been updated numerous times as a direct result of client needs.

M3 software now offers Flex Budgeting as part of AccKnowledge, which is M3s proprietary application comprised of hotel-specific and traditional accounting modules.

"Our clients expressed interest in having this tool. We created it for them and added it at no additional cost for AccKnowledge users," said Rick Frommer, Director of Sales for M3.

An AccKnowledge Flex Budget report can show management exactly how much money is in select income and expense accounts in relation to the hotel's budget. There are three critical aspects of this report:

The budget has automatically been adjusted (or flexed) to accommodate actual sales and expenses. The data is accurate to the minute the report is run. Management pre-determines the criteria for the adjustment of each line item they select for inclusion in their reports.