Hotel Finance

Efficient maintenance and operation of a hotel property are key to preserving its value and delivering consistent guest experiences. The Property Operation and Maintenance (POM) department covers the costs necessary …

Sales and Marketing Department Expenses Schedule 7 in the Uniform System of Accounts for the Lodging Industry provides the structure for the Sales and Marketing department’s expenses. These are divided …

Information and Telecommunications Systems — Schedule 6 The Information and Telecommunications Systems department plays a critical role in modern hotel operations. From managing guest Wi-Fi to maintaining backend property management …

Administrative and General — Schedule 5 Administrative and General—Schedule 5 is a structured guide for reporting expenses tied to the administration and management of a hotel property. While the Uniform …

Miscellaneous Income — Schedule 4 Schedule 4: Miscellaneous Income outlines the correct reporting structure for any income that doesn’t fall under major operated departments. This includes non-traditional income sources that …

Other Operated Departments — Schedule 3 Other Operated Departments—Schedule 3 presents the proper reporting format for departments outside the Rooms and Food and Beverage categories. This schedule summarizes the revenue …

Other Operated Departments — Schedule 3 In a modern hotel setting, there are more revenue streams than just rooms and restaurants. That’s where Other Operated Departments come in — services …

In the Food and Beverage (F&B) department, expenses are divided into two main categories: Labor Costs and Related Expenses and Other Expenses. Below is a complete and detailed explanation of …

Effective cost management is essential for maintaining profitability in the Food and Beverage (F&B) department. This section outlines the components of Cost of Sales and Other Revenue as defined in …

The Food and Beverage (F&B) department plays a crucial role in the financial performance of lodging properties. The Food and Beverage—Schedule 2 provides a standardized framework for reporting revenue and …