Introducing Terrace Accounts Receivable: Stop profit leakage in your hotel — Read more →
terrace
AI-POWERED HOTEL ACCOUNTING SOFTWARE

Close faster. Recover more. Run hotel accounting with less manual work.

Terrace helps hotel finance teams automate receivables, payables, and close workflows, so your team spends less time in spreadsheets and more time focused on execution.

Marriott
IHG
Fairfield
Garner
City Express by Marriott
Marriott
IHG
Fairfield
Garner
City Express by Marriott
Marriott
IHG
Fairfield
Garner
City Express by Marriott
Reconciliation / OTA Statements
Unreconciled
32$184,250
Matched
1,248Last 30 days
Disputed
6Needs review
Loyalty pending
14Next 30 days
OTA Statements
Search
Jan - Dec
Filters2
Statement #SourcePeriodExpectedReceivedVarianceStatusLast Updated
STMT-2840Booking.comSep 1$48,200.00$48,200.00$0.00PaidSep 1
STMT-2068ExpediaSep 5$32,000.00$31,920.00$80.00DisputedSep 5
STMT-2592Marriott BonvoySep 12$89,000.00$89,000.00$0.00MatchedSep 12
STMT-2234IHG OneSep 14$24,600.00PendingSep 14
STMT-2346Hilton HonorsSep 18$18,000.00PendingSep 18
STMT-2487Hyatt WorldSep 21$12,400.00PendingAug 30
Statement reconciled
Terrace Agent
$80 variance flagged on Expedia STMT-2068
X
OTA-Report-Sep.csv
312.8KB
Generated Aug 12
···
STMT-2840 · Booking.com
Property
Marriott Downtown
Reservations
142 matched
Period
Sep 1 - 30
Variance
$0.00
Payout to
Fees breakdown
GL entry
OTABooking.com
$48,200.00142 reservations
Sep 1 - 30Filters

Too many spreadsheets, PMS exports, and OTA portals that don't talk to each other?Hotel operators today face a choice.

OPERA
M
CB
B.
EX
stripe
qb
X
Maria Chen1 min ago
Who has the latest Booking.com statement?
Jane Barr2 min ago
@Stanley did we get paid for loyalty redemptions?
Tom Park2 min ago
Is the variance in the export or the PMS?
Isaac BryantJust now
@Franwhy doesn't Expedia match what's in Opera?
Stanley Evans1 min ago
The PMS doesn't match the Expedia payout.
Xaugust_OTA_recon.xlsx
XQ3_payments_FINAL.xlsx
Wmarriott_loyalty_aug.pdf
Xvendor_invoices_NEW.xlsx
The Old Way

Keep stitching together spreadsheets and chasing down statements.

Terrace Agent
Commission review complete!
Booking.com · 2 disputes found
Terrace Agent
Hi, I've found 2 commission claims to dispute:
Booking.comSep 1, 2025
$1,928.00
Commission claims to dispute
CLAIM-184018% charged vs 15% contract
$1,125.00dispute+
CLAIM-1841Cancelled stay still commissioned
$803.00dispute+
The Terrace Way

One agent to handle it all.

The Terrace Platform

Hotel finance automation, from the booking to the bank deposit.

Accounts Receivable
Leakage Detection
Search
Jan - Dec
Filters3
Clear all
Leakage detected
$2,568
3 exceptions surfaced from OTA, agency, and loyalty statements
Detection pass
PMS ledgerscanned
OTA statementmatching
Bank depositflagging
SourceExpectedLeakageStatus
OTA
Booking.com
$8,420.00+$1,125Leak found
Onyx
Agent claim
$4,880.00$640Duplicate
Loyalty
Marriott Bonvoy
$6,120.00$803Missing
Leakage Trend
AR
Action Queue
$2.6k
Auto-drafted dispute packets for finance review.
Accounts Receivable

Stop profit leakage in your hotel

Reconcile your PMS against OTA statements, payments, and loyalty partners — automatically. Catch every dollar before it leaks out the door.

Explore Accounts Receivable
Accounts Payable
Invoice Processing
Search
Jan - Dec
Filters2
Clear all
Invoice PDF
PDF
SYSCO
vendor invoice
INV-9241
Oct 01
Amount due$3,420.00
Extracted fields
98% match
Vendor
Sysco Foods
Invoice #
INV-9241
Property
Paradise Hotel
Due date
Oct 14
Generated journal entry
JE-1280
AccountDebitCredit
Food & Beverage$2,980-
Sales Tax Payable$440-
Accounts Payable-$3,420
PDF parsed
42 sec
GL rule
F&B
Approval
Ready
Ready to post: invoice coded to F&B expense with AP offset and property dimension.
Accounts Payable

Streamline invoice entry and vendor payments

Automate invoice entry to the GL, track vendor payments, and approve with audit-ready workflows. Run leaner hotel operations.

Explore Accounts Payable
Business Intelligence
Portfolio Overview
Search
Jan - Dec
Filters4
Clear all
Rooms sold+11%
2,800
Occupancy+14%
80%
Revenue+33%
$520k
Room Revenue
REV
ADR
$185
RevPAR
$150
Budget
+39%
Forecast
$82.5k
Comp Set ADR
1. Terrace Paradise$265
2. Grand Hotel$275
3. Marina Resort$314
Distribution
Direct$338k 65%
OTA$104k 20%
Corporate$78k 15%
Business Intelligence

Portfolio insights at a glance

See performance across your entire portfolio. Real-time analytics on RevPAR, OTA mix, vendor spend, and cash position — across every property.

Explore Business Intelligence
Terrace AI

AI, purpose-built for hotel finance

Explore Terrace AI

Prevent revenue leakage and save time with agents

Let Terrace Agents handle receivables reconciliation, Accounts Payable coding, and performance visibility while your finance team focuses on strategy.

Explore AI Agents
Terrace Agent2 mins ago
Statement reconciled successfully
Terrace AgentJust now
Your weekly reconciliations
5 statements matched, $312K reconciled
2 disputes flagged for review
Opera
Bookings
Expedia
stripe
amex
Marriott
Mews
quickbooks
Sage

Build an intelligent property record

Terrace creates a unified view of every property by combining PMS data, bookings, payments, expenses, and OTA mix so Agents take accurate, contextual action.

Property graph
Contract
Nov 12
POE 854328
854326
Bill details
Invoice date
Nov 12
Due date
Dec 13
Purchase order
854326

Ingest statements and invoices automatically

Eliminate manual entry. Terrace AI captures data directly from OTA statements, vendor invoices, and loyalty reports.

AI document ingestion

Keep your systems. Add Terrace on top.

Terrace works natively with your existing stack, including PMS, OTA, and accounting stack.

Explore integrations
Resources

Explore our guides & other resources

All Resources

Frequently asked questions

Hotel accounting software is purpose-built financial software that handles the unique workflows of hospitality finance — reconciling PMS records against OTA statements and payments, automating accounts payable for vendor invoices, tracking commissions, posting night audit and folio data to the general ledger, and rolling up performance across multiple properties. Terrace is AI-powered hotel accounting software that automates these workflows end-to-end.