Throughout the years, the Colonial Inn has served many purposes: storing munitions in 1775, a variety store, personal home, hoteland boarding house, and presently a historic inn with the luxury of modern day comforts.
Prior to SmartBooks the Colonial Inn struggled for many years to find a suitable accounting solution. They had tried consultants, new processes, and even changes to internal staff but still found themselves spending a significant amount of time and money on accounting with little to show other than untimely and inaccurate reports.
To solve these issues, The Colonial Inn outsourced its accounting department to SmartBooks which provided much greater visibility into the Inn’s operations. SmartBooks upgraded the Inn’s accounting software and integrated it with the Inn’s POS and Hotel software. With SmartBooks, the management team had more time to spend on growth and efficiency and was able to improve overall profit margins by 2-3% after choosing SmartBooks. Not only was there a decrease in accounting costs which included benefits, payroll tax and employees, but also in time spent per week on managing people. The 900 sq/ft that was previously used for accountants was transformed into more room for guests and storage space. Even IT costs decreased as the Colonial Inn no longer needed to pay an IT firm to update its accounting systems and hotel software. With SmartBooks preparing financial statements, their banking relationships also have improved with betterterms on rates, loans, and lines.
“I now have more time to focus on the growth of my business and on increasing efficiency elsewhere.” – Jurgen
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Jurgen Demisch Proprietor Concord’s Colonial Inn/Hotel & Suites email@example.com (978) 369-9200