M3 Accounting Core Software

The M3 Accounting Core Software is a comprehensive accounting and financial solution specifically designed for the hospitality industry. According to the vendor, this software is tailored to meet the needs of hotels of all sizes and service levels, making it a valuable tool for hotel owners, management teams, general managers, and hoteliers in the hospitality industry.

Key Features

Tax & Reporting: According to the vendor, the M3 Accounting Core Software includes a Report Writer that allows users to customize financial reports and visualize data based on their specific requirements. It also provides the ability to set predetermined tax rates for vendor invoices, ensuring accurate tax calculations for various tax types. Additionally, the software automatically generates 1099 and 1096 forms for US tax compliance. Users can import and export data for journal entries, checks, invoices, vendors, budgets, and historical data.

Planning & Management: The vendor claims that with the M3 Accounting Core Software, users can quickly set up budgets with key metrics and lock metrics for consistency. The software offers forecasting capabilities, allowing users to compare multiple forecasts across different periods. It also enables the tracking of construction project costs by associating journal entries and vendor invoices to each project. Moreover, the software enhances user security through customized user access groups and roles for specific modules, functions, and properties.

Data Processing: According to the vendor, the software facilitates efficient data processing by allowing users to customize daily reports through automatic management software for properties importing and daily report rollover. Its accounts payable module includes features like partial payment schedules, prepaying invoices to limit user error, managing multicurrency exchange rates, and handling recurring invoices. Users can also attach images and documents to vendor invoices and journal entries using intelligent document imaging. The general ledger and chart of accounts can be easily customized.

Finance: The vendor states that the M3 Accounting Core Software allows users to customize financial reports to display data as desired. It offers automation features for check writing, check layouts, vendor payments across multiple properties, ACH payments, checks, ePay, and virtual credit cards. The software also enables effective cash management across properties through cleared transactions and import reconciliation.