ThinkGrowth Day 1: Prepare your financials for growth

In this session, ThinkAccounting president Tyler Otto shows independent operators how moving from cash to accrual-based accounting can reduce tax burden, surface errors, and unlock more accurate, actionable financial insights for their property. Using hospitality-specific examples, he walks through how proper accrual accounting (paired with a PMS like ThinkReservations) helps owners track true profitability, monitor metrics like cost per occupied room and working capital, and spot early “smoke signals” in their numbers before small issues become major cash-flow problems.