Explore by hotel role
Hotel Accounting Manager
A structured learning path for the hotel accounting manager role.
This path contains 16 articles arranged as a practical learning sequence. Begin with the first topics, then continue into department-specific and advanced operating context.
How Do You Read a Hotel Profit and Loss Statement?
Read a hotel profit and loss statement, or P&L, from revenue through departmental profit, undistributed operating expenses, gross operating profit, and applicable fixed or owner-level items, comparing every result with budget, forecast, prior periods, and the operating facts behind the variance.
Finance & Accounting · Accounts ReceivableWhat Is Hotel Accounts Receivable?
Hotel accounts receivable (AR) is money owed to a hotel after approved goods or services have been provided and immediate payment was not collected.
Finance & Accounting · Accounts PayableWhat Is Hotel Accounts Payable?
Hotel accounts payable (AP) is the controlled process for recording, reviewing, and paying valid amounts a hotel owes vendors and service providers.
Finance & Accounting · Payroll OperationsWhat Is Hotel Payroll?
Hotel payroll is the controlled process of calculating, reviewing, recording, and paying employee compensation and related employer obligations.
Finance & Accounting · Budgeting and ForecastingWhat Is a Hotel Budget?
A hotel budget is the approved, usually annual operating and financial plan that converts expected demand, pricing, service, staffing, expenses, capital priorities, and owner objectives into monthly targets.
Finance & Accounting · Departmental ProfitabilityWhat Is Departmental Profit?
Departmental profit is the revenue of an operated hotel department minus the expenses directly attributable to operating that department under the property’s approved accounting framework.
Finance & Accounting · Profit ConversionWhat Is Hotel Flow-Through?
Hotel flow-through measures how much of a change in revenue converts into a change in profit between two comparable scenarios or periods.
Safety, Security & Risk · Cash and Financial ControlsWhat Is Hotel Cash Handling Control?
Hotel cash handling control is the system of authorization, custody, recording, receipts, reconciliation, review, exception handling, and secure transfer used when receiving, returning, depositing, or otherwise managing cash in hotel operations.
Meetings & Events · Billing and Master AccountsWhat Is a Hotel Master Account?
A hotel master account is a billing record used to collect selected authorized charges for a group, event, company, or organized stay separately from individual guest folios.
Legal and Compliance · Record RetentionWhat Is a Hotel Record-Retention Policy?
A hotel record-retention policy defines which records are retained, for how long, where and how they are stored, who may access them, and how they are securely destroyed or placed on hold.
Legal and Compliance · Payment-Card ComplianceWhat Is Hotel Payment-Card Compliance?
Hotel payment-card compliance is the work of protecting payment-account data and meeting applicable card-industry security responsibilities across hotel payment processes and providers.
Leadership & Management · Daily Operating ReviewsWhat Is a Hotel Daily Business Review?
A hotel daily business review is a recurring management review of recent operating and financial performance, important exceptions, near-term outlook, and assigned actions.
Finance & Accounting · Balance SheetWhat Is a Hotel Balance Sheet?
A hotel balance sheet is a financial statement showing the assets, liabilities, and equity of the reporting entity at a specific date.
Finance & Accounting · Cash FlowWhat Is Hotel Cash Flow?
Hotel cash flow is the movement of cash into and out of a hotel business over a defined period through operating, investing, and financing activity.
Finance & Accounting · Working CapitalWhat Is Hotel Working Capital?
Hotel working capital is a measure of short-term financial resources available to support daily operations, commonly illustrated as current assets minus current liabilities.
Finance & Accounting · Debt and Coverage RatiosWhat Is Debt-Service Coverage Ratio for a Hotel?
Debt-service coverage ratio, or DSCR, for a hotel is a financial ratio comparing a defined amount of income or cash flow available for debt service with the defined principal and interest payments due for the same period.