Terrace

Paid Web

What Terrace is

Terrace is web-based AI hotel accounting software for finance teams handling receivables, payables, and close work across properties. It reconciles property-management-system records with OTA statements, payment records, and loyalty partners to find revenue discrepancies. For accounts payable, Terrace extracts invoice details, identifies vendor and general-ledger coding, routes approvals, and tracks bills across properties. Portfolio analytics cover RevPAR, OTA mix, vendor spending, and cash position. Terrace Agents support receivables reconciliation, payables coding, and performance visibility. Multi-property workflows include shared reconciliation, payables, close processes, bank reconciliation, consolidated reporting, department reporting, and audit trails. The company lists more than 50 pre-built integrations across PMS, OTA, payment, accounting, reporting, and labor systems, including MEWS, Cloudbeds, Opera, Sage, QuickBooks, Xero, Oracle NetSuite, Booking.com, Expedia, Airbnb, Agoda, and Onyx CenterSource. Pricing is available on request through a demo.

Who it suits

Terrace suits hotel CFOs, controllers, revenue managers, operations teams, owners, asset managers, independent hotels, hotel groups, and management companies needing multi-property accounting workflows.

What it does well

Reconciles PMS, OTA, payment, and loyalty records
Tracks invoices, approvals, vendors, and bills
Portfolio analytics include RevPAR and cash position
Supports shared multi-property accounting and reporting
More than 50 pre-built integrations listed

What to know first

Web platform only
Pricing requires a request

Getting started

Visit the Terrace website.
Request a demo and provide your role, number of properties, and current PMS.
Discuss your systems and integration needs with Terrace.
Use the dedicated onboarding support described for independent hotels.
Go live; the company describes a 48-hour onboarding timeline for independent hotels.

Verdict

Terrace combines hotel receivables, payables, close workflows, and portfolio reporting in one web service. Its multi-property processes and broad integration list may fit hotel finance organizations, while buyers should request pricing and security details.

Questions

How much does Terrace cost?

Terrace publishes pricing on request. The site directs visitors to request a demo rather than showing plan prices.

What platform is Terrace available on?

Terrace is listed as a web product.

Which hotel and finance systems does Terrace integrate with?

Terrace says it offers more than 50 pre-built integrations. Named examples include MEWS, Cloudbeds, Opera, RMS Cloud, Shiji, Sage, QuickBooks, Xero, Oracle NetSuite, Booking.com, Expedia, Airbnb, Agoda, and Onyx CenterSource.

Can Terrace support systems that are not named?

The company says other systems may be supported through an existing connector or mapping and invites users to ask about them.

Who is Terrace designed for?

Its listed audiences include hotel CFOs and controllers, revenue managers, operations teams, owners and asset managers, independent hotels, hotel groups, multi-property hotels, and management companies.

How do prospective customers get started?

The site offers a demo request form that asks for the user's role, number of properties, and current PMS. Terrace says it provides dedicated onboarding support and describes a 48-hour go-live for independent hotels.

Facts from Terrace's own pages

Accounts payable: Terrace automates invoice entry to the general ledger, tracks vendor payments, and supports approval workflows. · useterrace.ai, 9 Oct 2026
Accounts receivable: Terrace reconciles PMS records against OTA statements, payments, and loyalty partners to identify revenue leakage. · useterrace.ai, 9 Oct 2026
AI agents: Terrace Agents handle receivables reconciliation, accounts payable coding, and performance visibility. · useterrace.ai, 9 Oct 2026
Business intelligence: Terrace provides portfolio analytics including RevPAR, OTA mix, vendor spend, and cash position across properties. · useterrace.ai, 9 Oct 2026
Company: The site footer identifies the company as Terrace, Inc. · useterrace.ai, 9 Oct 2026
Demo: The site offers a demo request form that asks for the user's role, number of properties, and current PMS. · useterrace.ai, 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. · useterrace.ai, 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. · useterrace.ai, 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. · useterrace.ai, 9 Oct 2026
Multi-property use: Terrace describes portfolio workflows and reporting across every property, including shared reconciliation, payables, and close processes. · useterrace.ai, 9 Oct 2026
Pricing: The maker pages opened direct visitors to request a demo and did not publish plan prices. · useterrace.ai, 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. · useterrace.ai, 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. · useterrace.ai, 9 Oct 2026
Product: Terrace is AI-powered hotel accounting software that automates receivables, payables, and close workflows for hotel finance teams. · useterrace.ai, 9 Oct 2026
Security: The maker pages opened did not state security certifications or compliance details. · useterrace.ai, 9 Oct 2026
Support and onboarding: Terrace's independent hotels page says it provides dedicated onboarding support and describes going live in 48 hours. · useterrace.ai, 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. · useterrace.ai, 9 Oct 2026

Where Terrace stands on Freedom251

Hotel Accounting Software#34 of 34