NetSuite Hospitality Accounting Software
Hospitality Futures: Tomorrow’s Vision
The Hospitality Industry today sits within a vibrant stage of culture, commerce and connection – and as the industry transforms, so must the leaders who shape it.
Discover how technology and AI are reshaping the sector, strategies to build resilience, foster loyalty, drive value for the next decade, and so much more.
Download our report to unlock key frameworks, actionable insights and visionary perspectives from the leaders reshaping the world of hospitality as we know it.
What is Hospitality Accounting Software?
Hospitality accounting software is designed to manage the day-to-day finances of hotels, venues and leisure groups. Unlike generic accounting tools, these systems are designed to automatically account for multiple revenue streams, daily EPOS takings, room and event bookings and different VAT rates. Finance teams can monitor turnover, costs and profitability across sites while meeting reporting and regulatory requirements. Real-time data supports better-informed decisions on pricing, staffing and purchasing.
Work smarter, close sooner and strengthen financial controls
Beyond the books
With manual posting and reconciliations largely removed, NetSuite provides financial controllers with clean, auditable numbers in hours rather than days - so operators can adjust rates, menus or rotas before profits slip.
NetSuite Hospitality Accounting Software features
From ledgers and VAT to payments and reporting, NetSuite connects the financial processes that power UK hospitality.
General ledger
Create a chart of accounts aligned with your reporting and regulatory requirements and post journals automatically from PMS and EPOS. Analyse results by property, outlet or region and prepare period-end accounts without rework.
Cash management
Track seasonal cash swings and forecast liquidity across all operating and holding accounts. NetSuite’s automated bank feeds and reconciliations make it easy to stay on top of payments, payroll and supplier costs.
Accounts receivable
Invoice corporate clients, events and group bookings in a few clicks. Apply deposits automatically and track overdue balances to shorten the credit-to-cash cycle and strengthen cash flow.
Accounts payable
Capture supplier invoices for food, drink, housekeeping and maintenance with automated scanning and approval routes. Schedule payments around trading peaks and quieter periods to maintain healthy liquidity.
Account reconciliation
Match card takings, deposits and service charges to bank statements automatically. With NetSuite, month-end reconciliation takes minutes, not hours and discrepancies are flagged straight away.
Tax management
Handle multiple VAT rates with correct box mapping for VAT100 submissions. Directly submit digital tax returns under Making Tax Digital (MTD), with full audit trails - no spreadsheets required.
Close management
Speed up month-end with guided close checklists, automated intercompany eliminations and consolidated reporting. Produce accurate results even while sites remain open for trade.
Fixed assets management
Track and depreciate assets by location and category. Manage leases and right-of-use assets under IFRS 16 and schedule maintenance for rooms, kitchens and plant and machinery to extend asset life.
Reporting and KPIs
Access hundreds of out-of-the-box reports, track industry-specific KPIs and drill down into departmental P&Ls. Users can also configure their own dashboards and reports for deeper analysis and audit-ready insight.
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NetSuite Hospitality Accounting Software benefits
Challenges NetSuite Hospitality Accounting Software solves
SuiteSuccess – Your proven path to success
Leveraging more than 25 years of experience working with tens of thousands of organizations, across all industries and business sizes, our SuiteSuccess customer lifecycle methodology helps customers transform their business. It starts by building an AI-powered, integrated business suite with industry-specific solutions. Then we engage with your business to ensure that we’re addressing your specific needs and guiding you along the way on how to best consume and optimise NetSuite to solve challenges of today and the future. This approach helps ensure customers experience faster time-to-value, better ROI, and greater employee adoption.
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How Much Does NetSuite Hospitality Accounting Software Cost?
Companies of every size, from prerevenue startups to fast-growing businesses, have made the move to NetSuite. Looking for a better way to run your business but wondering about the cost?
Users subscribe to NetSuite for an annual fee. Your license is made up of three main components: core platform, optional modules, and number of users. There is also a one-time implementation fee for initial setup. As your business grows, you can easily activate new modules and add users—that’s the beauty of cloud software.
NetSuite Hospitality Accounting Software is available as an add-on module.
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Data sheets
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Customer stories
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Product demos
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Please note that some capabilities described on the page require partner integrations.