Hospitality Financial Leadership – How to Read Hotel Financial Statements and The Secret Link
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Hospitality Financial Leadership – How to Read Hotel Financial Statements and The Secret Link
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The first thing you need to know about reading a hotel financial statement is there are basically two different statements you will want to get comfortable with. The two are the income statement—some call it the P&L or profit and loss statement—and the second is the balance sheet.
Now I know what you are thinking, balance sheets are for the accounting types and they are complicated. Nothing could be further from the truth and I am going to give you a new understanding and share a secret about the balance sheet and the relationship to the P&L.
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