Is hotel P&L an income statement?

The hotel P&L is the profit statement, also known as the economic profit and loss statement, the full name is Profit & Loss Statement.

A hotel P&L refers to a financial statement that summarizes the revenues, costs and expenses incurred during a specific period (usually a fiscal quarter or year). Hotel P&L can reflect the results of the company's operating activities in a specific period (such as a quarter or a fiscal year). The income statement is used to measure a company's profitability, debt repayment ability and investment value.

Hotel P&L is divided into two parts based on profit composition and distribution. The hotel company will first calculate the net sales cost. After obtaining this data, the gross profit can be calculated. The total profit can be calculated by subtracting the sum of revenue and expenses. Net profit loss.

How to calculate hotel P&L

The profit component of hotel P&L first lists the sales revenue, then subtracts the cost of sales to get the sales profit; then subtracts various expenses to get the sales profit Operating profit (or loss); after adding and subtracting non-operating income and expenses, it is the total profit (loss).

In the profit distribution part, the after-tax profit is obtained by first subtracting the income tax payable from the total profit; below this is the provident fund and profit payable according to the distribution plan; if there is a balance, it is undistributed profit. If the profit distribution part of the income statement is presented separately, it is the "profit distribution statement".

The direct calculation method of hotel profit budget is a method to directly calculate the profit amount based on budgeted revenue, budgeted costs and budgeted taxes. It is necessary to calculate the budgeted profits of different business items and then summarize them. The calculation formula is budget profit = budget revenue – budget costs – budget taxes.