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    Taxes -- Accrual or Cash Based?

    Hi all, To my knowledge, all Trustee Taxes (hotel tax, room tax, sales tax, etc.) are all to be reported and paid based on cash-based accounting reports (i.e., one only pays trustee taxes that have actually been collected). Are there any jurisdictions which require otherwise? I ask this because...
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    Choosing the right Chart of Accounts...

    Is there a good sample Chart of Accounts that is generally used in the B&B industry? I have copies of: PAII recommended Chart of Accounts Uniform System of Accounts for the Lodging Industry (11th Edition) a spreadsheet from The B&B Team While I fully understand that there is lots of...
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    Expense or COGS

    Hi all, What is the most common practice when accounting for labor on one's P/L? As COGS or as Cost of Labor Expense? While it may seem obvious to many that Cost of Labor Expense would be the default, allow me to submit some examples: Since Housekeeping is directly proportional to Occupancy...
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    To Phone or Not to Phone...

    What is the current tendency or trend regarding the provision or absence of phones in B&B guest rooms?
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    Wasauna -- Chinese for "horrible product"

    Has anyone else come across the Wasauna spa showers in B&Bs? When they work, they're really great... But here we are, less than two months into owning our B&B and I've had failing mixing valves (guests got *only* hot water in the shower) and leaky solenoid water diverters (good thing I noticed...
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    Linen Service

    When we bought our B&B, we inherited a contract for linen servicing, since our B&B is sorely lacking in "back of house" space and thus has no room for on-site laundry. I'm not very fond of the linens we are provided currently, so I put things out for RFP from some other linen services. If...
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    The elusive closing is almost ours...

    I'm sure that many of those reading this have experienced this feeling too... the felling of anticipation, combined with the frustration that things do not happen more quickly... Here we are--on the cusp of closing on the B&B we've been working to purchase since late last year... Funny how so...
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    B&B PMS Redux

    So, lots of chat over the years about PMS (property management software) systems suitable for the B&B and Country Inn markets. I'm currently shopping around and accepting demos from various systems. My automatic instinct would be to run to HotelDruid since I am a *huge* fan and supporter of...
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