Budgeting and Planning
- Make yearly operating budgets.
- Create short-term and long-term financial forecasts.
- Compare actual spending and income to planned goals.
- Help department heads track profit and loss. [1, 2, 3, 4]
Daily Accounting and Control
- Check daily revenue from rooms, food, and events.
- Manage accounts receivable and accounts payable.
- Oversee payroll, wages, and staff salaries.
- Track inventory levels and supplies.
Reporting and Auditing
- Prepare monthly income statements and balance sheets.
- Run internal audits to stop fraud and cash leaks.
- Resolve guest billing disputes.
- Ensure compliance with local tax laws and government rules.
Strategy and Management
- Advise the general manager on money decisions.
- Find ways to cut costs without hurting guest service.
- Manage cash flow for low and high tourist seasons.
- Lead and train the hotel accounting team.