Best Hotel & Hospitality Accounting software of 2026: which is right for you?

There are several revenue streams hospitality companies must manage, from reservation transactions, upgrades, room service, food and beverage sales, spa appointments and more. Without an automated way to view, track and analyze these data, a general manager and revenue management professionals have no clear sense of how operations are going and where to cut costs.

Accounting software for hospitality helps corral all the incoming financial data into one system and offers a dashboard view to see operations at a glance. In addition to assisting with the daily tasks of reservation and room service transactions, software gives managers tools to handle back office financial duties, like maintenance, payroll, food and housekeeping costs.

Reporting capabilities turn these data into actionable insights; see where your property drives the most revenue, find out which service areas are dragging or reveal which maintenance tasks are eating into your bottom line.

This guide will help software seekers determine which features they need to reach organizational goals. We’ll discuss:

• What is hospitality accounting software?

• What are common features of hotel and hospitality accounting software?

• What are the top hotel accounting KPIs?

• What should you consider while evaluating hospitality, hotel, and restaurant accounting software?

What is hospitality accounting software?

With huge turnover rates of customers, the hospitality industry, including hotels and restaurants, process a lot of data. Software designed specifically for hotels and restaurants, in addition to standard accounting functions, will accept and process reservations and include other features to manage daily operations, such as labor scheduling, food cost control and billing customers based on room charges and additional services.

We've written this guide to help guide hospitality professionals as they research solutions. We'll cover functionality specific to the hospitality industry, as well as best practices for evaluating these systems.

What are common features of hotel and hospitality accounting software?

Hospitality and hotel accounting systems will include the following industry-specific features:

What are the top hotel accounting KPIs?

The hospitality industry relies on specific key performance indicators to ensure that room rates are optimized and the hotel is earning maximum revenue per square foot. Some of these KPIs include:

• RevPAR: Revenue per available room, calculated by dividing total room revenue by number of rooms (for a particular period of time).

• TRevPAR: Total revenue per available room, calculated by dividing the total revenue of an entire property by the total available rooms. Because hotels also earn revenue from restaurants, conferences and other services, this KPI is often preferred by hotel accountants because it offers the overall financial health of a property.

• GOPPAR: Gross operating profit per available room, calculated by dividing the gross profits by the number of rooms. This offers an even more realistic view by factoring in operational costs instead of just revenues.

• REVPAM: Revenue per available square meter, calculated by dividing the total revenue by the available banquet or conference space. This offers a view of space utilization.

• REVPASH: Revenue per available seat hour, calculated by dividing the total restaurant revenues by the available seats multiplied by opening hours. This can be used to calculate revenues per hour of on-property bars or cafes as well. Many hotel accounting systems are designed to help calculate these KPIs quickly and present them in an accounting dashboard. Evaluate a system’s reporting capabilities to find one that can offer the most comprehensive view of financial operations so you can focus on reducing costs.

What should you consider while evaluating hospitality, hotel, and restaurant accounting software?

The challenge in finding software today is to locate a program that offers a solution that deals specifically with your company’s needs. Resorts, hotels and restaurants all have different challenges that need to be addressed. A fine dining establishment will have different needs than a fast food joint.

Specific questions to ask when these systems are:

• Do you need reservation capabilities? Will this need to be integrated into your website?

• About how many employees do you have to schedule, and how many shifts need to be covered?

• What kind of customer data are you looking to collect? Does the software store that data? How many records will it let you have?

• Are your frontline employees using the software in day-to-day operations?