Hotel Internal Controls
Hospitality Financial Leadership – The Top 10 Cash Controls
Cash is King. That’s an old expression but it’s also one that still rings true today. Everyone likes cash even if we don’t carry so much with us personally anymore. It’s important to recognize that some people will help themselves to your cash if you let them. That might sound extremely clinical and…
Hospitality Financial Leadership – Why You Need an Internal Control Review Program in Your Hotel – ICR
Here is the scenario: You finally have a full-blown accounting policy manual in place. It has taken several months and a lot of work, but it is done. Something to be proud of indeed!
But, wait a minute…
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.
Hospitality Financial Leadership – The Uniformed System of Accounts for the Lodging Industry
The Uniformed System of Accounts for the Lodging Industry
Coming Soon – The Prosperous Hotelier
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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.”