P&L review
Hospitality Financial Leadership – Understanding Allocations
Understanding Allocations
Coming Soon – The Prosperous Hotelier
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Hospitality Financial Leadership – The Two Principle Financial Statements and the Link
At Hotel Financial Coach I help hotel leaders and teams with financial leadership coaching, webinars and workshops. Learning and applying the necessary financial leadership skills is the fast track to greater career success and increased personal prosperity. I significantly improve individual and team results with a proven return on investment.
Hospitality Financial Leadership – Profit and Loss Metrics
At Hotel Financial Coach I help hotel leaders and teams with financial leadership coaching, webinars and workshops. Learning and applying the necessary financial leadership skills is the fast track to greater career success and increased personal prosperity. I significantly improve individual and team results with a proven return on investment.
Hospitality Financial Leadership – What’s Possible in the Future with Hotel Financial Statements
I am a big fan of the Uniformed System of Accounts for the Lodging Industry (USALI), or as she is affectionately called “You Sally.” It has been the guide that our industry uses to properly present financial information for a long…long time, in fact almost 100 years. It lays out the format for our financial statement presentation and essentially…
Hospitality Financial Leadership – Employee Benefits Reporting on Your P&L
When it comes to payroll we are not just paying the cash wages. We have additional dollars that are substantial in the form of supplemental costs and employee benefits.
So, what we want to have are three areas we can see and analyze in our financial statements:
- Cash wages
- Auxiliary wage costs – “supplemental”
- Employee benefits
…
Hospitality Financial Leadership – Lies Financial Leaders Tell Themselves – The Lie: My Balance Sheet Accounts Can Go a Month Without Being Completely Reconciled
My Balance Sheet Accounts Can Go a Month Without Being Completely Reconciled!
It is the worst lie financial leaders can tell themselves. Nothing is more important than the health of your books. If your books are not caught up and if your account reconciliations are not clean and up to…