5+ Best Accounting Software for Hotels and Hospitality Businesses

Image of author Nick Cotter
Newfoundr
accounting software for hotel
March 13, 2023
-
10
min read

Running a hospitality business is no easy feat. It involves a lot of moving parts and quite often, a lot of financial transactions that need to be tracked, managed, and accounted for. To help make the process easier, having the right accounting software for your hotel or hospitality business can make all the difference. Below we explore some of the best accounting software for hotels and hospitality businesses.

Who is the best Accounting Software For Hotel?

The Best Accounting Software For Hotel of 2023:

Here’s our shortlist of the best accounting software for hotel I'm ranking through our extensive research and use:

  1. Xero
  2. Sage Intacct
  3. KashFlow
  4. ZipBooks
  5. FreshBooks

Our Review of the Best Accounting Software For Hotel:

Here is our list of the best accounting software for hotel:

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Xero

Newfoundrz's Software Review:
Image of full star review ratingImage of full star review ratingImage of full star review ratingImage of half a star review rating
4.3
out of 5

Xero is a revolutionary cloud-based accounting software that has transformed the way businesses manage their finances. With its user-friendly interface and comprehensive suite of features, Xero makes it easy for businesses of all sizes to manage their accounting processes efficiently and effectively.

One of the standout features of Xero is its invoicing tool, which allows businesses to create professional-looking invoices that are fully customizable with their branding. The tool also enables businesses to set payment terms and automate payment reminders, reducing the risk of missed payments and improving cash flow.

Xero's inventory management feature is another standout tool that allows businesses to track their stock levels, sales, and purchase orders in real-time. With this feature, businesses can make informed decisions about inventory, avoid overstocks or shortages, and streamline their supply chain management processes.

Payroll processing is a critical function for businesses, and Xero makes it simple with its payroll feature. The tool automates payroll calculations, including employee salaries, taxes, and deductions, saving businesses time and ensuring compliance with relevant tax laws and regulations.

  • Bills & Expenses
  • Invoicing
  • Inventory management
  • Payroll
  • Bank reconciliation
  • User-friendly interface for small business owners
  • Extensive third-party app integration
  • Advanced inventory management
  • Higher pricing for advanced features and multi-currency support
  • Some users may find the interface too simplistic or lacking in advanced features
  • Limited mobile app capabilities
Pricing for Xero starts at $13/month and moves up to $70/month pricing from there. You should connect with their team to learn more about the capabilities with each plan.
Best Fit For:
small and medium sized business
Free Trial Offered?
YES
NO
Pricing Plan 1:
$13/month
Pricing Plan 2:
$70/month
  • HubSpot
  • Stripe
  • Shopify
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Sage Intacct

Newfoundrz's Software Review:
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4.2
out of 5

Sage Intacct is a cloud-based accounting software that provides financial management, inventory management, and order management features. It is aimed at businesses of all sizes and includes integrations with various other business tools.

  • Invoicing
  • Financial management
  • Order management
  • Revenue management
  • Project accounting
  • Efficient financial management and reporting for mid-sized businesses
  • Advanced order and revenue management
  • Powerful vendor and project management
  • Higher pricing for advanced features and customization
  • Steep learning curve for some users
  • Limited integration options with other software
Pricing for Sage Intacct starts at Custom and moves up to Custom pricing from there. You should connect with their team to learn more about the capabilities with each plan.
Best Fit For:
small and medium sized business
Free Trial Offered?
YES
NO
Pricing Plan 1:
Custom
Pricing Plan 2:
Custom
  • Expensify
  • Stripe
  • Slack
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KashFlow

Newfoundrz's Software Review:
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4
out of 5

KashFlow is a cloud-based accounting software aimed at small businesses. It includes features such as invoicing, expense tracking, and financial reporting.

  • Invoicing
  • Invoicing
  • Expense tracking
  • Payroll
  • Financial reporting
  • Streamlined invoicing and payment processing
  • Efficient expense tracking and reporting
  • Automated VAT filing and compliance
  • Limited integration options with other software
  • Limited customization options for invoices and reports
  • Higher pricing for additional users and advanced features
Pricing for KashFlow starts at $12.70/month and moves up to $35/month pricing from there. You should connect with their team to learn more about the capabilities with each plan.
Best Fit For:
small and medium sized business
Free Trial Offered?
YES
NO
Pricing Plan 1:
$12.70/month
Pricing Plan 2:
$35/month
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ZipBooks

Newfoundrz's Software Review:
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4
out of 5

ZipBooks is a cloud-based accounting software aimed at small businesses. It includes features such as invoicing and expense tracking.

  • Invoicing
  • Invoicing
  • Expense tracking
  • Financial reporting
  • Time tracking
  • User-friendly platform with AI-powered automation
  • Comprehensive financial reporting and analytics
  • Streamlined payment processing and invoicing
  • Limited customer support options for some plans
  • Limited customization options for certain features
  • Limited mobile app capabilities
Pricing for ZipBooks starts at $15/month and moves up to $35/month pricing from there. You should connect with their team to learn more about the capabilities with each plan.
Best Fit For:
small and medium sized business
Free Trial Offered?
YES
NO
Pricing Plan 1:
$15/month
Pricing Plan 2:
$35/month
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  • Google Drive
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FreshBooks

Newfoundrz's Software Review:
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4.2
out of 5

FreshBooks is an accounting software that includes invoicing, time tracking, and project management features, primarily aimed at freelancers and small businesses. It is cloud-based and offers mobile apps for iOS and Android.

  • Invoicing
  • Invoicing
  • Time tracking
  • Project management
  • Estimates and proposals
  • Time-saving automation of invoicing and payment processing
  • Easy time tracking and project management
  • Simplified tax preparation
  • Higher pricing for advanced features and multi-user support
  • Limited customization options for invoices and reports
  • Limited integration options with other software
Pricing for FreshBooks starts at $17/month and moves up to $55/month pricing from there. You should connect with their team to learn more about the capabilities with each plan.
Best Fit For:
small and medium sized business
Free Trial Offered?
YES
NO
Pricing Plan 1:
$17/month
Pricing Plan 2:
$55/month
  • Shopify
  • Trello
  • Mailchimp
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Software Rankings:
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Important Features to Look For in Accounting Software For Hotel:

Accounting Software For Hotel Pricing Comparison Table:

Platform Free Trial? Pricing #1 Pricing #2
Xero true $13/month $70/month
Sage Intacct true Custom Custom
KashFlow true $12.70/month $35/month
ZipBooks true $15/month $35/month
FreshBooks true $17/month $55/month

Accounting Software For Hotel Rating Comparison Table:

Software Customer Support Performance Value Total Product Rating
Xero 4 4.5 4.5 4.3
Sage Intacct 4 4.5 4 4.2
KashFlow 4 4 4 4
ZipBooks 4.1 4 4 4
FreshBooks 4.5 4 4 4.2

Is accounting software necessary for hotels and hospitality businesses?

Can hotels and hospitality businesses benefit from using QuickBooks?

What are the primary benefits of utilizing accounting software for hotels and how can it improve financial management?

How much does accounting software for hotels cost, and what features does it include for managing reservations, tracking revenue, or generating reports?

Factors we use to Rank Accounting Software For Hotel:

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