Hotel Financial Management & Managerial Accounting

Organisation from A to Z of the financial monitoring, operation and managerial processes of the hotel company and advise for the needed upgrade axes with priorities and targets as far as it concerns the financial modelling. reporting, and managerial accounting system which should be appropriate for the correct management of the finances, the internal management and control as well and budgeting of all levels.

Benefits

Breakfast Table

01

Organized profit & loss statements with all necessary details, immediately provided and analyzed in special reports

Hotel Consultant - Kostas Falangas Values - Respect

04

Better image to external stakeholders (banks, shareholders, BoDs, etc)

Hotel Consultant - Kostas Falangas Values - Respect

02

Avoidance of financial dysfunction and stable analysis of financial data

Hotel Consultant - Kostas Falangas Values - Respect

05

Better management with real knowledge of all aspects of financial management

Hotel Consultant - Kostas Falangas Values - Respect

03

Increase in entrepreneur's confidence for correct and timely financial data

Croissant an dSugar Cubes

06

Timely identification of corrective actions in the overall management of the hotel

Hotel Room

Service Includes

  • Analysis of the current situation of the hotel with the structure of financial management and managerial accounting statements and determination of the situation where the hotel stands,

  • Analysis of all aspects and detailed costing of the economic policy of profit markets, supplier credit, credit of tour-operators, receipts

  • Determining what the hotelier wants and what are his goals in the short and long term

  • Re-examination and redefinition of all collaborations, cost areas, contracts, with external partners, staff, suppliers - contractors

  • Creation of budgets (income budget) and cash flows (cash flow budget) with the definition of the company's policy

  • Planning the monitoring of financial data in collaboration with all departments and the accounting department that provide financial data with provision of periodic analysis of the operation of all financial management from sales to the determination of net profit after taxes

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