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Get the Right Chart of Accounts for your Econo Lodge

We are proud to be working with the ELFA Board of Directors to offer the first 11th Edition Comparable chart of accounts crafted specifically for the economy sector.

Benefits of this Chart of Accounts include:

An Operating Statement that satisfies lenders, insurers, and other industry-related services
A cleaner presentation when applying for fee relief
Better reception and understanding from outside investors
Ability to learn from industry comparison tools like Smith Travel Host, CBRE, Hot Stats, CHOPS, HOPE, and others
Better operational analysis
Easier enrollment in programs like PPP and Restaurant Revitalization Grants

Don’t let the size of the 11th (soon to be 12th) Edition scare you into not getting the benefits of being Industry Comparable. You can be completely industry comparable with a chart of accounts using fewer than 100 accounts.

FREE Resources Available to Help You Get Started

What it takes to be 11th Edition Comparable

Many owners think it takes hundreds of accounts to be USALI Comparable. This PowerPoint will help get you started on understanding what it really means, and how you can accomplish comparability.

How to change your QuickBooks Chart

If you are a QuickBooks user, these written instructions will guide you to loading your new comparable chart into QuickBooks. If you need help, we are an email away.

Excel File with Chart of Accounts

Nobody uses the whole 11th Edition, and you don’t need to either. Working in cooperation with your ELFA Board, we have provided a great starting point. Most hotels need to make some tweaks to the chart (for things like local taxes, or property specific accounts). Once you have reviewed the chart, we will be happy to have a call, answer any questions, and modify the chart for your hotel.

Innovative Hotel Profit Strategists