financial statement
Hospitality Financial Leadership – Balancing Daily Revenues and Settlements
The hotel business is a form of retail business. Every day we must balance our revenues with our settlements, just like you would if you owned a store. Or for that matter any business that has sales every day and the customers pay for their purchases at the time of the sale.
Hospitality Financial Leadership – Why Managing the Budget in Your Hotel is Like Playing Baseball
That’s a big statement because if you are involved in the budget in your hotel and you have played baseball then you are probably saying to yourself that I am off my rocker.
The budget is a mean and unruly nasty guest that comes every year and sometimes does not leave completed for weeks, even months.
Hospitality Financial Leadership – Asset Management Program Features and Benefits
The Asset Management Program is a dedicated and personalized 1-1 program, consisting of 5 hours each month of my time and expertise, typically delivered weekly. Designed to take your hotel profit in the right direction by looking through the entire financial landscape of the hotel; monthly financial statements, budgets and forecasts, monthly processes, controls, labor productivity measurements, timelines, workflow,…
Hospitality Financial Leadership – Workshops For Non-Financial Managers
It’s Not Accounting – It’s Business Thinking & It’s Not the Hard Part of Hospitality!
The training is designed for Operational Leaders.
It’s business thinking that non-financial managers need from you, not accounting.
Ten workshop modules to train your non-financial leaders. The online or in-person workshops can be customized in number, length and frequency to meet your organization’s…
Professional Hotel Bank and Balance Sheet Account Reconciliation Service For You
Now There Is Help With This Monthly Must Do Function
In Your Hotel
In a recent blog post I wrote about the importance of balancing your general ledger accounts each and every month.
This mission-critical monthly health…
Hospitality Financial Leadership – Balance Sheet: Financially, Nothing Else Matters
Over the years I have seen a lot of messes in my career. Not only the ones that catch your eye because of the clutter and disorganization you see in the back spaces of your hotel but I’m talking about a mess on the balance sheet.
There are two main differences between…