Financial Reporting

Hospitality Financial Leadership – Every Line Needs an Owner

One of my mother’s favorite sayings: Many hands make light work My dear mother Donna often recited her favorite sayings, especially when she wanted to make a point. She had some really good sayings and several have stuck with me. One of them I relate to hotel financial leadership. Her saying was “Many hands make...

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Hospitality Financial Leadership – Using EFTE’s In Your Financial Reporting

If You Can’t Measure It, You Can’t Improve It. Management thinker Peter Drucker is often quoted as saying, “You can’t manage what you can’t measure.” Drucker means that you can’t know whether or not you are successful unless success is defined and tracked. In the hotel business payroll is the number one cost. STR recently...

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