PROJECT ACOUNTING
Rosemont Project Management provides project-specific accounting. Our services are designed to give owners, lenders, and brands clear visibility into project budgets, expenditures, cash flow, and variances, without extending into full hotel or corporate accounting functions.
Our focus is on project-level financial activity, not on the ongoing accounting operations of the hotel or ownership entity. Rosemont supports projects by establishing dedicated project budgets, tracking approved costs, reviewing invoices for accuracy, managing cash flow forecasting, and reconciling project related transactions through a project-specific bank account.
For each project whether guestrooms, public spaces, or back-of-house—Rosemont assigns defined budgets, tracks costs by scope, and monitors progress against approved funding. We establish detailed cost structures to align purchases and invoices with project scope, providing transparency and accountability throughout the project lifecycle.
Core Accounting Services
We meticulously track labor, materials, freight, sales tax, tariffs, and contractor fees to each area for detailed accountability.
We maintain initial budgets, update forecasts as actual freight, sales tax and tariffs are received.
Billing, Funding, and Cash Flow
Rosemont prepares detailed draw requests for owners and lenders, including cost documentation, lien waivers, and percent-complete data to ensure timely capital funding.
We verify vendor invoices against contracts and purchase orders, coordinate payment schedules, and ensure proper retainage while maintaining cash flow.
Controls, Compliance, and Reporting
Our robust financial controls include approval workflows, proactive budget-to-actual tracking, and early variance detection, empowering owners to make informed adjustments.
We deliver regular financial reports—cost-to-complete, committed versus uncommitted spend, and cash flow curves—customized for owners, asset managers, and brands.
Closeout and Post‑Project Support
At project closeout, Rosemont reconciles invoices, releases retainage, aligns expenditures with the capital plan, and provides final cost summaries by item for future underwriting.
We also support accurate asset classification for tax and accounting purposes, feeding essential data into ownership fixed-asset systems.