American Hotel & Lodging Educational Institute (EI) Publishes Eleventh Revised Edition of Uniform System of Accounts for the Lodging Industry
The Uniform System of Accounts for the Lodging Industry, Eleventh Revised Edition is now available for purchase from the American Hotel & Lodging Educational Institute (EI). The publication is a joint effort of the Hotel Association of New York City and the Financial Management Committee of the American Hotel & Lodging Association (AH&LA), sponsored by Hospitality Financial & Technology Professionals (HFTP).
Every section of the Uniform System of Accounts for the Lodging Industry has been updated to reflect the latest practices for recording financial information. According to Ralph Miller, CPA, CA, CBV, CHA, CHAE, President of Inntegrated Hospitality Management Ltd., and vice chairman of AH&LA's Financial Management Committee, the average term of service for an edition of the Uniform System of Accounts for the Lodging Industry has been eight years.
"The revision process itself generally takes two to three years, in order to appropriately research and consider all of the potential changes required to this important industry standard. The need for formal revisions will likely continue based on the historic timeframe, with each new edition capturing and reflecting five to eight years in change in the industry," Miller explained. An extensive list of changes to the new edition can be found on the "Details" tab of the product listing in EI's online store.
The print version of the Uniform System of Accounts for the Lodging Industry, Eleventh Revised Edition, is available for $59.95 for AH&LA members and $89.95 for nonmembers. The digital edition is $34.95 for AH&LA members and $52.95 for nonmembers. To order, visit https://www.ahlei.org/USALI or call 1.800.349.0299 or +1.407.999.8100.
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