PAS Launches Hotel Financial Reporting Initiative
Uniform System of Accounts for the Lodging Industry
ROCKVILLE, MD, March 21, 2007. Professional Accounting Solutions, Inc., PAS, a global provider of hotel back office accounting and technology services, announced today the launch of a new business service providing integrated core design, financial reporting and operating analysis to hotels and resorts based on the Uniform System of Accounts for the Lodging Industry (USALI) 10th Revised Edition.
PAS' offering marks a natural extension of its related service offerings in hotel back office operations, deployment, shared service center strategies and help desk. These services encompass value-centric approaches to business process improvements by delivering greater efficiencies and cost savings, strengthening SOX compliance/internal controls, and improving financial reporting and operating analysis. With its ability to leverage its in-depth hotel accounting knowledge base and technology toolsets for back office operations, PAS addresses the increasing demand for creating real value in back office operations and transparency in hotel financial reporting and operating metrics. These support clients' need to improve profits and maximize owners' total returns.
"PAS will bring fresh thinking and a renewed approach to the hotel financial reporting arena for the benefit of not only the operators, but also for the owners and 3rd parties who desire both timely and more information", according to Bill Euler, Jr. CPA, president of PAS.
PAS provides integrated core design, financial reporting and operating analysis to hotels and resorts based on the USALI 10th Revised Edition. Drawing upon the experience and expertise of its team, PAS provides a wide array of services designed to deliver greater efficiencies and cost savings. The PAS team includes CPAs and IT professionals experienced in hotel back office operations.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
