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Management Accounting and Cost Control for Hospitality
Do you have limited time for managing your accounts?
Are you looking to make informed decisions which will aid your business?
Do you want to know how to create a forecast of expected revenue and costs?
Join Cumbria Growth Hub with funding from Cumbria Growth Catalyst to find how to prepare management reports and accounts that will provide accurate and timely financial and statistical information , 10am to 1pm, 6th December, Newby Bridge Hotel, Nr Kendal.
Chris Pearson of Hospitality Audit Services, has extensive experience both nationally and internationally within the hotel Industry, with a proven record of setting up and implementing new processes and writing operating procedures across businesses and training teams in practices.
In this 3-hour session, Chris will help you understand how to record your daily revenue and costs so that you are able to provide solid information which will be beneficial to the day to day running of your businesses.
This will include cost controls for F&B operations and accurate forecasting.
During the morning you will cover
- Manging your accounts
- ‘Average Room Rate’ for accommodation businesses
- How to monitor food and beverage costs using flash reports
- Creation of accurate yearly forecasts
- Obtaining accurately monthly figures
Participants will need a basic understanding of Excel, however laptops are not necessary at the session.
To confirm your eligibility and book a place on either of these workshops, or if you have any questions, please email Catherynn@cumbriachamber.co.uk
Please note places are limited so book early in order to avoid disappointment.
© Cumbria Chamber of Commerce