Terrace
Terrace is web-based AI accounting software for hotel finance teams, with workflows for receivables, payables, and close across properties.
What Terrace is
Terrace is web-based AI accounting software for hotel finance teams, with workflows for receivables, payables, and close across properties. For receivables, it compares property management system records with online travel agency statements, payments, and loyalty partners to find revenue discrepancies. For payables, it extracts invoice details, identifies vendor and general ledger coding, routes approvals, and tracks bills. Portfolio analytics include RevPAR, OTA mix, vendor spend, and cash position. Terrace Agents support receivables reconciliation, accounts payable coding, and performance visibility. The product describes shared reconciliation, payables, close processes, and reporting across multiple properties, alongside bank reconciliation, consolidated and department reporting, and audit trails. Terrace lists more than 50 pre-built integrations, including MEWS, Cloudbeds, Opera, Sage, QuickBooks, Xero, Oracle NetSuite, Booking.com, Expedia, Airbnb, Agoda, and Onyx CenterSource. The integrations span property, booking, payment, accounting, reporting, and labor systems; other systems may be supported through connectors or mappings. Pricing is on request, and the site offers demo requests. Terrace says independent hotels receive dedicated onboarding support and describes going live in 48 hours.
Good
- Receivables reconciliation across PMS, OTA, payment, and loyalty records
- Invoice extraction, coding, approvals, and bill tracking
- Portfolio analytics include RevPAR and cash position
- More than 50 pre-built integrations
Watch out
- Pricing is available on request
Who it suits
Terrace is aimed at hotel CFOs and controllers, revenue and operations teams, owners, and asset managers. Its multi-property workflows may also suit hotel groups and management companies.
Verdict
Terrace brings multi-property hotel accounting workflows and portfolio analytics into a web service. Request a demo and confirm whether your systems are supported, including any connectors or mappings needed.
The facts
Each one read from Terrace's own pages, with the date it was checked.
What it does
- Accounts payable
- Terrace automates invoice entry to the general ledger, tracks vendor payments, and supports approval workflows.checked 9 Oct 2026
- Accounts receivable
- Terrace reconciles PMS records against OTA statements, payments, and loyalty partners to identify revenue leakage.checked 9 Oct 2026
- AI agents
- Terrace Agents handle receivables reconciliation, accounts payable coding, and performance visibility.checked 9 Oct 2026
- Business intelligence
- Terrace provides portfolio analytics including RevPAR, OTA mix, vendor spend, and cash position across properties.checked 9 Oct 2026
- Demo
- The site offers a demo request form that asks for the user's role, number of properties, and current PMS.checked 9 Oct 2026
- Integration caveat
- Terrace says systems not listed may still be supported through an existing connector or mapping and invites users to ask about them.checked 9 Oct 2026
- Integration coverage
- The integrations page says Terrace connects PMS, OTA, payment, accounting, reporting, and labor systems, with additional coverage potentially available through existing connectors or mappings.checked 9 Oct 2026
- Integrations
- Terrace says it offers 50+ pre-built integrations and names MEWS, Cloudbeds, Opera, RMS Cloud, Shiji, Sage, QuickBooks, Xero, Oracle NetSuite, Booking.com, Expedia, Airbnb, Agoda, and Onyx CenterSource.checked 9 Oct 2026
- Multi-property use
- Terrace describes portfolio workflows and reporting across every property, including shared reconciliation, payables, and close processes.checked 9 Oct 2026
- Pricing
- The maker pages opened direct visitors to request a demo and did not publish plan prices.checked 9 Oct 2026
- Privacy
- Terrace's privacy policy says website demo-form information is used to respond to requests and communicate about its products or services.checked 9 Oct 2026
- Privacy controls
- The privacy policy says users who submitted personal information may request a copy or deletion, subject to data retained for administrative, legal, or security purposes.checked 9 Oct 2026
- Product
- Terrace is AI-powered hotel accounting software that automates receivables, payables, and close workflows for hotel finance teams.checked 9 Oct 2026
- Security
- The maker pages opened did not state security certifications or compliance details.checked 9 Oct 2026
- Support and onboarding
- Terrace's independent hotels page says it provides dedicated onboarding support and describes going live in 48 hours.checked 9 Oct 2026
- Target users
- Terrace lists hotel CFOs and controllers, revenue managers, operations teams, owners and asset managers, independent hotels, hotel groups, multi-property hotels, and management companies as audiences.checked 9 Oct 2026
The company
- Company
- The site footer identifies the company as Terrace, Inc.checked 9 Oct 2026
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