M3 Accounting Core review

M3 Accounting Core is the flagship product of M3, a vendor that only builds hotel finance software. It is designed for the way hotel back offices actually close: PMS revenue is imported automatically each day, daily rollovers post to the ledger, and accounts payable can run across several companies from one screen. The multi-property general ledger handles intercompany transactions and shared services, which matters for management companies that pay vendors centrally and allocate costs to each hotel. Payments go out by printed check, ACH, ePay or virtual card, and cleared items reconcile back to the bank. M3 lists integrations with more than 70 PMS, POS and payroll providers, budgets that can be locked by property, multi-scenario forecasts and automated 1099 and 1096 forms. M3 says 9,000+ properties and 150,000+ rooms run on its software. The drawbacks are the lack of a public price and a North American focus, so international groups should confirm local tax support during a demo.

Who it is for

hotel management companies and ownership groups running several branded properties

Price

See vendor pricing (USD check pending).

US price check pending. See the vendor pricing page.

Key features

• Automated PMS imports and daily rollovers into the general ledger
• Multi-property GL with intercompany transactions and shared services
• Multi-company accounts payable with checkwriting, ACH, ePay and virtual cards
• Integrations with 70+ PMS, POS and payroll providers
• Budgets locked by property, multi-scenario forecasts and 1099/1096 forms

Strengths and weaknesses

• Strength: Built only for hotels, with franchise, brand and ownership reporting in mind
• Strength: M3 says 9,000+ hotel properties run their accounting on it
• Strength: Optional Labor Management, Insight dashboards and outsourced accounting from the same vendor
• Weakness: No public price; M3 asks for property count and F&B details before quoting
• Weakness: Focused on North America, where its 1,000+ owners are based
• Weakness: Overkill for a single small inn with simple books

Key facts

• Properties: 9,000+ hotel properties, 150,000+ rooms
• Integrations: 70+ PMS, POS and payroll providers
• Go-live: Most properties live in weeks, per M3
• Pricing: Quote based

Where it ranks

M3 Accounting Core is No. 1 in our Best Hotel Accounting Software verdict.