LedgerMatch
Bank Reconciliation for Hotels & Hospitality in Orlando, FL
A practical CSV-based bank-to-ledger workflow for hotels and hospitality businesses bookkeepers serving businesses in Orlando.
Bookkeeping context in Orlando
Orlando's tourism, theme park, and hospitality economy generates massive daily transaction volumes alongside a growing tech and healthcare sector. Bank of America and Wells Fargo are the dominant commercial banks in the Orlando metro, with Truist (formerly SunTrust) also having strong local presence. LedgerMatch reconciles all three CSV formats against QuickBooks or Xero in under 10 minutes.
Hotels & Hospitality reconciliation workflow
Hotels and hospitality businesses receive revenue from a complex mix of channels — direct bookings via credit card, OTA (Online Travel Agency) net deposits from Booking.com, Expedia, and Airbnb, and group billing via invoice. Each channel deposits on a different schedule and in a net amount after OTA commissions or card fees. LedgerMatch matches every OTA payout, direct booking deposit, and operating expense against your QuickBooks in under 10 minutes.
Local and industry considerations
- Florida has no state income tax, but Orlando businesses in the hospitality sector must remit tourist development tax and sales tax monthly — accurate bank reconciliation supports these filings.
- OTA payouts from Booking.com, Expedia, and Airbnb arrive net of commissions on different weekly schedules, making it difficult to reconcile total room revenue against the bank statement without a structured approach.
Common banks and accounting tools
- Bank of America
- Wells Fargo
- Truist Bank
- Wells Fargo
- Bank of America
- Chase
- QuickBooks Online
- M3 Accounting
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