Blog
Hospitality Financial Leadership – Balancing Daily Revenues and Settlements
The hotel business is a form of retail business. Every day we must balance our revenues with our settlements, just like you would if you owned a store. Or for that matter any business that has sales every day and the customers pay for their purchases at the time of the sale.
Hospitality Financial Leadership – Workshops For Non-Financial Managers
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…
Hospitality Financial Leadership – Why You Need a Month-End Schedule
If you complete a regular monthly close in your hotel, and I certainly hope you do… and if closing your books takes longer than three-five working days, then this is meant for you.
Hospitality Financial Leadership – Why Are the Operational Finances in the Hotel So Hard?
Why Are the Operational Finances in the Hotel So Hard?
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.…
Hospitality Financial Leadership – Why Managing the Budget in Your Hotel is Like Playing Baseball
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.
Hospitality Financial Leadership – Why Is Hotel Accounting Different?
I heard this about 40 years ago and it has stuck with me. I was a newbie cocktail waiter working part time in my hometown hotel. One of my regular weekend customers was the controller and he was telling me he needed an income auditor for the summer line-up.