Accounting and Monthly Closure for a Leading Canadian Hospitality Group

Nexdigm deployed a lean, dedicated Accounts Team to take full ownership of the monthly closure process. The solution included:

• Supported in monthly closure of 6 hotels as per Canadian accounting principles
• In-depth review of accounts on monthly basis
• Verifying recognition of daily revenue and preparation of revenue reconciliations
• Managed monthly closing and streamlined bank and merchant reconciliations within stringent timelines

Nexdigm’s involvement enabled timely and accurate month-end closures for all six hotels, ensuring that reports were ready as per internal reporting timelines. The client benefited from improved accuracy in books, streamlined reconciliations, and faster resolution of key complex balances. By identifying and highlighting inconsistencies, the team helped reduce management review time and enhanced visibility into key financial areas. The internal finance team was freed up to focus on high-value activities without the need to increase headcount, resulting in both operational efficiency and cost savings.