1️⃣ Financial Control Infrastructure
- Financial organization structure (CFO, Financial Controller, Income Auditor)
- Authority matrix (signature limits and approval hierarchy)
- Internal control procedures (segregation of duties)
- Financial policies and SOP documentation
- ERP / PMS / POS system integration
➡ Objective: Prevent revenue leakage and fraud risks
2️⃣ Revenue Audit
- Night audit accuracy verification
- PMS – POS – accounting reconciliation
- Room revenue validation (ADR, RevPAR, no-show, complimentary)
- F&B revenue verification
- Banquet and event contract review
- Discount and rebate analysis
- Online distribution commission validation
- Revenue segmentation analysis
📌 Daily revenue reconciliation is the backbone of financial integrity.
3️⃣ Cash and Payment Systems
- Cash handling procedures
- Cash register reconciliation
- Credit card slip and chargeback control
- Online payment gateway validation
- Petty cash policy compliance
- Safe access authorization controls
4️⃣ Accounts Receivable
- Aging report analysis
- Corporate credit policy review
- Travel agent and OTA receivable reconciliation
- Doubtful receivables provisions
- Invoice-to-collection cycle KPIs
5️⃣ Accounts Payable & Procurement
- Purchasing approval workflows
- Three-quotation policy compliance
- Supplier contract validation
- Payment schedules and terms
- Invoice accuracy verification
- Fake invoice and fraud risk review
6️⃣ Payroll and HR Cost Control
- Payroll accuracy audit
- Payroll-to-GOP ratio analysis
- Overtime monitoring
- Tax and social security compliance
- Outsourced staff cost analysis
- Executive compensation benchmarking
📌 Payroll is typically the largest expense category in hotels.
7️⃣ Inventory and Cost Control
- Monthly stock count procedures
- F&B cost percentage analysis
- Minibar control systems
- Waste and shrinkage monitoring
- Warehouse security controls
- FIFO / FEFO compliance
8️⃣ Financial Reporting & KPI Analysis
- Monthly P&L accuracy review
- Balance sheet validation
- Cash flow statement analysis
- GOP margin evaluation
- Departmental profitability breakdown
- Budget vs. actual performance
- Rolling forecast accuracy
📌 A financial audit is not just control — it is performance diagnostics.
9️⃣ Tax and Regulatory Compliance
- VAT and accommodation tax validation
- Payroll tax and social security compliance
- Licenses and statutory financial obligations
- Franchise royalty calculation accuracy
- Tourism incentives and grants utilization
🔟 Franchise & Management Agreement Financials
(Critical for branded hotels)
- Royalty fee validation
- Marketing contribution verification
- Base fee and incentive fee accuracy
- Owner vs. operator alignment analysis
- Management agreement compliance review
1️⃣1️⃣ Cash Flow & Liquidity Analysis
- Working capital adequacy
- Bank loan covenant compliance
- Debt service coverage ratio (DSCR)
- Cash conversion cycle
- Seasonal liquidity gap analysis
1️⃣2️⃣ Fraud Risk Assessment
- Revenue leakage identification
- Ghost booking detection
- Unauthorized discount patterns
- Employee fraud exposure
- IT access log reviews
📌 Many hotel audits uncover hidden operational leakages.
1️⃣3️⃣ Investor Perspective (Owner Audit)
- EBITDA validation
- Capital expenditure planning
- FF&E reserve compliance
- Asset value preservation analysis
- Exit value and repositioning insights
1️⃣4️⃣ Digital Systems & Data Security
- PMS access log audits
- Financial data backup procedures
- ERP security framework
- GDPR / KVKK compliance
OtelAudit Premium
Typical Outputs:
- Financial Health Score (0–100)
- Revenue Leakage Map
- Cost Optimization Plan
- 12-Month Financial Improvement Roadmap
- Owner Dashboard