Side by side

Lodging Ledger vs Terrace

Both stand on hotel accounting software. Which one you can start free with, which one lets you read the code, and what each costs once you pay.

Lodging Ledger

Paid Web

Lodging Ledger pairs hotel accounting and capital tracking with a managed service for portfolio operations. Its no-price-listed, scoped pricing and customer sign-off model are important factors to clarify when considering the service.

Visit Lodging Ledger

Terrace

Paid Web

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.

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The facts

	Lodging Ledger	Terrace
Free plan	Not published	Not published
Open source	Not published	Not published
Runs on	Web	Web
Lowest paid plan	Not published	Not published
Plans published	None	None
Maker	Not published	Not published
Website	lodgingledger.com	useterrace.ai
On hotel accounting software	#30 of 34	#34 of 34

Lodging Ledger: what it does well

Covers daily revenue posting, reconciliation and accounts payable
Tracks 56 hospitality KPIs across 11 sections
Capital modules reconcile asset information to the ledger
Customizable reports export to Excel or PDF
Audit log attributes activity to actors

What to know first

Pricing is scoped to the portfolio; no price is stated
Provider team runs posting, reconciliation, AP and month-end close
Customer review and sign-off are part of the workflow

Terrace: 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

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