Cloudbeds Accounting vs Fairmas

Cloudbeds Accounting provides hotel accounting inside Cloudbeds’ web-based property management system, with real-time financial visibility. It generates and centralizes invoices and fiscal documents, including direct billing for corporate and group business. A real-time accounts receivable ledger tracks accounts, balances, and aging. Reports include trial balance and ledger views, night audit, revenue, tax, and cash drawer reports. For multiple properties, the system consolidates financial reporting and performs currency conversion. Controls support cash and accrual accounting, USALI and custom codes, role-based access, activity logs, and a full audit trail. Listed connections include QuickBooks Online and transfers to Sage; exports, open APIs, and ERP integrations are also available. Cloudbeds says it runs on AWS, uses TLS/SSL in transit and AES-256 at rest, and is PCI DSS level 1 and 2 certified. Support is advertised 24/7/365 with onboarding, migration guidance, and multilingual channels. Pricing is by quote request.

Fairmas provides hospitality financial planning and business intelligence software for budgeting, forecasting, controlling and management reporting. FairPlanner supports revenue, cost and profit planning across hotel P&L areas, along with scenario comparisons and portfolio performance analysis. Its cash flow module works with balance sheet accounts, operating cash flow imports, P&L rules, currency conversion and Excel exports. Revenue Planning & Analytics supports daily or monthly planning and analysis of on-the-books reservations and pickup by market segment, with access via web and mobile devices. Hotel Asset Reporting is web-based and automates the collection, standardization and consolidation of hotel performance data. Fairmas lists more than 200 integrations across PMS, ERP, RMS, DMS, benchmarking tools and rate shoppers. Its software is designed for independent hotels, hotel groups, management companies, owners and asset managers. The company was founded in 2003 and is headquartered in Berlin, Germany. The software is available on Android, iOS and web; pricing is on request.