M3 Accounting

M3 Accounting is an accounting software designed specifically for the hospitality industry. According to the vendor, it aims to provide hoteliers with the necessary tools to efficiently manage their financial operations, streamline processes, and make data-driven decisions. The software is suitable for hotels of all sizes, from small independent properties to large hotel chains. It caters to the needs of hoteliers, finance professionals, accounting professionals, and hotel management companies in the hospitality sector.

Key Features

Time, Attendance, and Labor Management: According to the vendor, M3 Accounting allows users to efficiently track employee hours, manage schedules, and calculate payroll. It aims to streamline labor management processes and ensure accurate and timely payroll processing.

Accounts Payable: M3 Accounting enables users to manage and track vendor invoices, process payments, and maintain accurate records, as stated by the vendor. It also offers automation of the accounts payable process to reduce manual errors and improve efficiency.

Bank Reconciliations: The vendor claims that M3 Accounting simplifies the process of reconciling bank statements with accounting records. It aims to match transactions, identify discrepancies, and ensure the accuracy of financial data.

Financial Reporting: M3 Accounting provides the ability to generate customized reports and gain insights into financial performance, according to the vendor. Users can analyze financial data and track key metrics.

General Ledger: The vendor states that M3 Accounting allows users to record and track all financial transactions. It aims to ensure accurate and up-to-date general ledger records.

Accounts Receivable: According to the vendor, M3 Accounting enables users to manage and track customer invoices, payments, and outstanding balances. It offers automation of the invoicing process, tracks customer payments, and aims to improve cash flow management.

Fixed Assets: M3 Accounting aims to simplify the management of fixed assets, including property, plant, and equipment, as stated by the vendor. It provides the ability to track and calculate depreciation and ensure accurate financial reporting.

Budgeting and Forecasting: According to the vendor, M3 Accounting allows users to create and manage budgets, forecast financial performance, and compare actual results to budgeted amounts. It aims to aid in financial planning, decision-making, and performance evaluation.

Multi-Property Management: M3 Accounting supports multi-property management from a single platform, according to the vendor. It provides consolidated financial reporting and aims to streamline processes for multi-property operations.