The Uniform System of Accounts for the Lodging Industry (USALI) is the standard for hotel accounting carry outs. For those who operate the USALI, many are on a first-name foundation and refer to it as the “U-Sally”. (Much easier to recite than repeating the letters: U.S.A.L.I.) Others don’t even call it by name, it is just the “Blue Book”. Back at the commencement of 2014 everyone was using the “Green Book”, USALI 10th edition; but, in June 2014 there was a new accounting handbook in town. It was time to purchase the 11th edition and start functioning on updating accounting practices as the go live date, legitimately known as the effective date, of January 1, 2015 was quickly impending.
With its origins dating back to 1926 when it was industrialized and circulated by the Hotel Association of New York City, it has been the go-to guide for bookkeeping and finance specialists in the lodging business for years. The current 11th edition was unconstrained in 2014 and with it came quite a few major changes from its precursor.