hotel financial statement

Hospitality Financial Leadership – The Two Principle Financial Statements and the Link

The Two Principle Financial Statements and the Link


Coming Soon  – The Prosperous Hotelier

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Hospitality Financial Leadership – Top 10 List for Controlling Hotel Expenses

The word “expenses” needs to be defined and refined for this article. Expense broadly refers to any cost a business has including payroll, goods and services and cost of goods, “the cost required for something; the money spent on something.”

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Hospitality Financial Leadership – The Early Arrival Program

With my workshops and speaking I often do an exercise where I challenge each leader to find a minimum of $250 in next month’s forecast that can be savings in the form of reduced payroll or expenses. It can also be a source of new revenue. The participants come up with some…

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Hospitality Financial Leadership – Why You Need an Internal Control Review Program in Your Hotel – ICR

Here’s the scenario. You have finally got a full-blown accounting policy manual in place. It has taken several months and a lot of work, but it’s done. Something to be proud of indeed! But wait a minute, it seems like no one knows about these policies and whenever you speak about such and such internal control not being followed,…

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Hospitality Financial Leadership – The Key Attributes of a Proper Hotel Financial Statement

Having a monthly financial statement for your hotel is the key to creating an effective management process inside your business. But, like many things in life, hotel financial statements are not all equal.

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