Hotel Financial Statements. Analyze Profit and Expenditures over Time. I’m sure you’ve heard of the Income Statement and the Balance Sheet, and they’re great, but they are NOT the guest of honor at this party! There is another financial statement that adds tremendous value when it comes to month end review! I know. I know. ANOTHER financial statement to review? You’re not even sure you fully get the ones you have now. I get it, and I know you’re busy, but this financial state