What hotel financial management knowledge do you have?

Is finance really unimportant? Of course not. Finance is very important and should be the core department of the hotel, which is related to what the content of financial management is and what role it can play. The following is my knowledge about hotel financial management, I hope you like it!

1, the content of hotel financial management

In fact, it is service, serving the business needs of the hotel. The content of financial management includes accounting, financial management and capital operation.

1) accounting can be seen as the movement of financial related raw materials, which needs the guidance of financial personnel, focusing on data, and financial personnel are passive.

2) Financial management can be visually regarded as the movement of relevant financial personnel, who exert their subjective initiative to explore financial objects in order to achieve the harmony between accounting elements and hotel management, and financial personnel are active.

3) Capital operation can be seen as the hotel's capital in motion, seeking its own value-added, and the financial personnel are also in motion, integrating the movement of capital and personnel to reach the highest level of financial management.

2. Misunderstandings that should be avoided in hotel financial management.

1) Don't overemphasize system and process control: Overcontrolling the business department from the perspective of system and process will certainly increase the attention to the financial department, but it is only to stay away.

2) The purpose of financial management is to serve the hotel management mode, not the advantages and disadvantages of financial theory: hotels generally make management processes and strategies based on sales. As financial management, we must adapt to the hotel management mode. In this era when sales are king, we can vividly compare the relationship between enterprise management and financial management with skin and hair. The reason why hotels can survive and develop lies in products and sales channels. Only when the hotel survives and develops can we talk about finance.

3) Financial management should meet the needs of business development and cannot be a stumbling block to business development: the so-called sound financial system of the financial department is not conducive to the formation of the hotel's core competitiveness, which is terrible. For example, in order to prevent the sales department from cheating, credit sales are not allowed at the end of the year, and customers should not be regarded as enemies at any time. Sales and finance cannot be diametrically opposed to customers.

3. Hotel financial management can play an important role.

1) overall analysis to reduce costs

In the fierce market competition, the hotel revenue is relatively stable but close to the bottleneck, and the profit space is shrinking year by year, it is necessary for the financial department to accurately record, account and count the whole business activities, and seek the best mode or method to reduce costs in accurate analysis, rather than simply controlling and saving costs.

2) tax planning to reduce the tax burden

By mastering knowledge, we plan the tax problems in the whole business activities, and seek the best scheme with the lowest tax burden while ensuring risk avoidance.

3) Provide consultation for all departments and provide data basis for the general manager's decision-making.

The integration of the whole business activity. Because of the working characteristics of the financial department, as long as there is business, there will be financial reflection, so through various data and relatively reasonable prediction of future matters, the business relationship between various departments will be more reasonably connected.

4) Internal control to prevent risks

Organize the implementation of internal control and ensure its effectiveness.

5) Early warning of budget control time

It is both a management department and a service department. While serving the business, do a good job in financial control and supervision according to relevant rules and regulations, including control, analysis and evaluation of budget implementation, as well as early warning and rectification of implementation progress.

6) Capital operation service strategy

Capital operation (including investment and financing) is the highest realm of financial management, which not only ensures healthy cash flow, but also serves the short-term goal and long-term strategy of the hotel.