hotel financial statement

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.

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…

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:

1. Cash wages
2. Auxiliary wage costs – “supplemental”
3. Employee benefits

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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…

“Nobody Gets to Be Wrong, Everyone is Wrong, No One Gets to Be Right, Everyone is Right”

I use this quote to start many of my workshops. To me, it’s the way I want the participants to stand in their individual power during our time together. It’s also how I…

I have been around awhile and it’s not like I’m ancient or anything, but I have seen some BIG changes in how we as an industry look at numbers and what numbers we focus on. What’s important and what people are talking about for metrics is always changing—albeit slowly. Inside the current look…