Have you ever been in a situation where things just aren’t going well for someone on your hotel team? I mean, no matter what it seems like everyone is against them, including you? You’re frustrated, clients are frustrated, they are frustrated, and it seems like everything came up overnight? That’s part of being an owner, a leader, and a manager! Unfortunately, I missed it big time with someone on our team. I had blinders on and didn’t notice the items falling through the cra

Increase the Value of Your Hotels Financial Statements Most hotel teams we talk to like the idea of helpful financial statements, but they are frustrated that their team doesn’t seem to care. The financials are late, items are coded all over the place, and questions aren’t answered. But it’s not because the team doesn’t care! It’s often just because they aren’t given a set schedule for financial reviews and their time is filled with other important tasks. This week we’re talk

It costs how much to hire someone??!! This is going to come as a shock to some of you, but to bring on a new team member can be twenty to thirty percent of that salary. Let’s say that person’s making $40,000 a year, it can cost you $8,000 to bring on that team member, and that’s just recruiting costs and trying to get them trained up. I mean, it’s going to take them another six to nine months to really understand and get a great ability to perform that job in an excellent for

Why You Should Be Using Hotel Accounting Software If you don’t do anything else to improve your financial process this year, I hope you’ll invest in a hotel specific accounting software! The first step in making your Income Statement helpful to you in making decisions, is having all the pieces to the puzzle. If you’re using Quickbooks, you are literally missing pieces from your box. The puzzle is never going to be complete. Over the years we have helped many hoteliers make th