What is uniform system of accounting?

Answer 1

The uniform system is a way for accounting and financial professionals to report the financial activities of a hotel in a common manner within the same industry. With guidance, many errors or less desirable methods of reporting can be eliminated and accounting becomes more transparent to all parties.

Answer 2

The focus is on a set of standardised financial statements or reports, rather than on standard account titles and numbers or rules for coding accounting data. The main principle of the Uniform System is that results are reported by each department of the hotel, in line with the traditional responsibility and organization structure which is found in most hotel operations.

................Kingston, Jamaica

Answer 3

OHI is a specialized finance and accounting outsourcing service provider with over thirteen years of finance and accounting outsourcing experience. We have strong functional outsourcing expertise in end to end accounting processes covering daily accounting activities, month end and year-end account finalization processes, employee reimbursements, payroll processing, management reporting and financial analysis.