Let this year be the year of hard work and success | 30% on everything | Use TOGETHER at checkout !!

Hotel Accounting

Hotel Accounting

Free Practice Test

FREE
  • TypeExam Format
  • No. of Questions29
  • AccessImmediate
  • Access DurationLife Long Access
  • Exam DeliveryOnline
  • Test ModesPractice

Practice Exam

$11.99
  • TypeExam Format
  • No. of Questions30
  • AccessImmediate
  • Access DurationLife Long Access
  • Exam DeliveryOnline
  • Test ModesPractice, Exam

Online Course

-
  • Content TypeVideo
  • DeliveryOnline
  • AccessImmediate
  • Access DurationLife Long Access
  • No of videos-
  • No of hours-
Not Available

Hotel Accounting

Hotel Accounting is considered as the help for better decision-making that brings in favorable luck to hoteliers if handled efficiently. Past that, it involves summarizing, reporting, and analyzing the hotel's financial position for a particular period, which further aides in budgeting, forecasting, and future expense planning.


Table of Contents

  • Tracking Bills 
  • Recurring Dues 
  • Sales & Journals Approval
  • Tracking Occupancy % 
  • Tracking Rooms Sold, 
  • Average Daily Rate (ADR)
  • Room Revenue 
  • Guest Satisfaction Surveys
  • Competition Analysis 
  • Variance Analysis
  • Labor Management

Hotel Accounting FAQs

You can't maintain any kind of business without a decent understanding of your finances, and that includes the hospitality industry Cash stream shows how much cash is coming in and going out of your business, which is valuable information to have so you don't overspend. 

Night auditing 

Varying room costs 

Vendor contracts 

Multiple income streams and departments 

Financial reporting 

Spending plan management 

Payroll processing 

Cost tracking.

Producing an accurate arrangement of month-end accounts, with comparisons to forecasts and previous periods. Preparing profit and misfortune accounts and the balance sheet for senior management. Assisting in preparing spending plans and business planning, including projected room income. Reconciling bank statements.

 

We are here to help!

CONTACT US