Hospitality Monetary and Know-how Professionals (HFTP®) has launched a brand new program to establish approved suppliers of software program services and products which use components from the Uniform System of Accounts for the Lodging Business (USALI™), a steerage for standardized business monetary reporting and evaluation. HFTP has lately launched the USALI 12th Revised Version, which has a concentrate on elevated reporting transparency. The obligatory adoption date for this version is January 1, 2026; nevertheless, firms that select to take action could undertake sooner.
The businesses eligible for a license provide software program and providers designed for lodging business monetary reporting functions. Official licensees are recognized with a graphic stamp and are acknowledged on the USALI web site. PAS and Aptech Pc Methods, Inc., two well-respected accounting software program firms for the hospitality business, are the primary to sign-on for the approved license.
“Our lodge clients and expertise companions everywhere in the world belief our workforce at PAS to know probably the most present model of USALI and assist them replace their account classifications and working statements with probably the most correct codecs out there,” mentioned Gayle Edwards, president and CEO of PAS. “We’re excited that HFTP has launched the twelfth Revised Version with the assistance of AHLA and have already begun working with a few of our purchasers to organize for subsequent 12 months’s price range season and the January 1, 2026, deadline to replace accounts utilizing this latest set of pointers.”
“We’re proud to be one of many first expertise firms to take part in HFTP’s USALI Licensing Program,” mentioned Jill Wilder, president of Aptech. “Our objective is to make sure our lodge purchasers have all the knowledge they should make the mandatory updates beneficial by USALI 12 to their methods earlier than January 1, 2026. Aptech has been a again workplace and accounting answer chief within the hospitality business for greater than 50 years, and our dedication to ongoing training, answer improvement, and help of our unbelievable business associations like HFTP and AHLA are crucial to our workforce.”
HFTP is the writer of the USALI and protects this customary underneath copyright regulation. With the addition of the USALI Licensing Stamp program, it formally designates firms who’re approved customers of the USALI components. Collaborating firms enter right into a restricted license settlement and observe the USALI Stamp Utilization Tips included within the settlement. To inquire about this program, contact [email protected]
The USALI is accessible by a digital subscription service or as a soft-cover guide (anticipated launch in late 2024). The digital model affords versatility, suitable with smartphones, tablets, and PCs. Customers can actively have interaction with the content material, leveraging options to personalize notes and feedback immediately throughout the digital platform.
Go to the USALI website to buy the guide and look at supplemental sources. For questions, contact HFTP at [email protected] or +1 (512) 220-4020. Comply with information and knowledge on the USALI, 12th Revised Version on the USALI web site.
About HFTP
Hospitality Monetary and Know-how Professionals (HFTP®), established in 1952, is a hospitality nonprofit affiliation headquartered in Austin, Texas USA with an places of work within the EU. HFTP is acknowledged as a gaggle supporting the finance and expertise segments of the hospitality business with a world community of members and stakeholders. HFTP affords skilled networks, instructional sources, profession improvement packages, analysis, management alternatives and conferences and occasions. HFTP produces worldwide occasions all year long, together with the world’s largest hospitality expertise tradeshow and convention model: HITEC. As well as, it oversees the hospitality-specific Pineapplesearch.com® and the Uniform System of Accounts for the Lodging Business (USALI), Lodge-On-line and Hospitality Improve Journal. For extra details about HFTP, go to www.hftp.org.
Millicent Gustafson
Vice President, Strategic Initiatives
+1 (512) 220-6449
HFTP
