Insights

Hospitality finances: the critical importance of accruals and deferrals

In order to produce an accurate picture of the business’s financial performance, we need to match the revenues earned with the appropriate amount of costs, payroll and expenses. There is no way to accomplish this without the use of accruals and deferrals. This pair of agents is like the defensive line in a football team.

accurals and deferrals
Insights

The ultimate hotel P&L

What if there is a better way to look at the financial information that helps operators see their results (and better still their budgets and forecasts) in a different light?

Insights

Hotel franchise/management fees: 20 years is a very long time

We don’t know what’s next in the hotel world and how business will evolve, but one thing is for certain: You will be receiving new items on your monthly corporate invoice from time to time, and you will have to pay for them whether you like it or not. Full stop.