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Hospitality Financial Leadership – Why You Need to Reconcile Your Credit Cards Every Day
The dreaded credit card reconciliation need not be such a big deal if we bite-size it. That is what this piece is all about: How and why you should balance your credit cards daily. That is right – every day – and I mean we know the cards are balanced to three separate and connected points.
Book Release Announcement “The Prosperous Hotelier”
Now Available on Amazon – with Free Prime Shipping – Link Below
Purchase on Amazon at https://www.amazon.com/dp/160025165X
Hospitality Financial Leadership – Why Technology Has the Hotel Business Bootstrapped
Bootstrapping is a statistical metric that uses random sample replacements. That definition is not for me, so bootstrapping also has a broader slang meaning that most people get.
Hospitality Financial Leadership – Why GMs Have Such a Hard Time Managing Their Financial Leader
This is not the case for all GMs, but it is definitely the case for many. The reason is simple: the GM has not been given any formal accounting training and they are intimidated by the numbers and their lack of knowledge.
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.”