How to use and configure hotel financial management?

Before talking about hotel finance, everyone would think of bookkeeping and accounting; When it comes to hotel financial management, everyone will think that it is a matter of the finance department and has nothing to do with other departments. Do you know how to use and allocate hotel financial management? The following is my knowledge about how to use and configure hotel financial management. Welcome to reading.

How to make good use of and configure hotel financial management Modern hotel financial management is the core of hotel management. Any department and anyone has something to do with financial management. From purchasing, warehousing, processing, sales, capital withdrawal to purchasing, every link that touches the hotel capital flow is permeated with financial management.

At present, the financial institutions in the hotel industry are generally set according to the needs of different scopes, grades and internal management, and there is no fixed model. The hotel finance department is mostly composed of accounting, auditing, cashier, purchasing and supply (warehouse), and the chief financial officer is directly in charge of the finance department and its procurement and supply; The finance department is an important department directly led by the general manager, and its organizational setup determines its special position. From practice, I deeply realized that the advantages of setting up such a financial institution are:

First, we can establish corresponding functional institutions and organizational systems to coordinate the daily work of managers; Conducive to saving and mobilizing manpower, material resources and financial resources; With the control and transfer, accelerate the capital turnover, ensure the smooth progress of accounting work, and give full play to the "reflection and supervision" function of financial accounting. Therefore, all aspects of our financial management can be linked together to deal with the uncertainty of the market economy environment with the orderly operation of economic entities.

Secondly, the purchasing department and the warehouse are directly under the finance department, which is convenient to understand the trade and market situation, reduce operating costs and avoid abusing funds and overstocking materials. Its advantages are: it is conducive to the control of hotel procurement costs. How to determine the hotel purchase price directly affects the cost. In international hotels, the purchasing department and the finance department usually send people to investigate and confirm the purchasing cost. Any "purchase application form" should be fully investigated and shop around. The final decision is made by the chief financial officer. For the purchase of food raw materials and commodities, because their prices change frequently with the seasons, the catering department, the cost control department and the purchasing department must send personnel to jointly conduct market research, and deduct a certain wholesale and retail price difference according to the survey results.

Third, set up full-time daily trial and night trial. Domestic hotels should keep up with international hotels, and it is very important for international hotels to determine their income. In order to ensure the correct and timely income, international hotels have specially set up day auditors (day auditors) and night auditors (night auditors), but the staff engaged in night auditors did not have this position in domestic hotels in the past. From cashier to night audit, daily audit to collection, layer upon layer audit, layer upon layer check, to ensure the hotel's income is not lost, but also to ensure the timely recovery of customers' accounts receivable.

Fourth, cashiers in restaurants are managed by the finance department, and cashiers do not directly contact customers; Through the medium of waiter, we can avoid loopholes and mistakes among cashiers, guests and waiters, and at the same time facilitate mutual supervision and control of catering costs and benefits.

Fifth, the chief cashier centrally manages the unified receipt and payment of hotel funds, and international hotels attach great importance to the control and management of cash flow. Internal control procedures are rigorous and clear. The Finance Department requires that cash on hand (including bank deposits) must be counted daily and submit a daily cash flow statement to the Chief Financial Officer. Daily audit audits the people who count cash, with the purpose of ensuring the safe and fair use of cash on hand. According to the regulations, the finance department must prepare the cash flow plan and supplier payment plan on time every month, and report the payment to the general manager. Ensure that the cash planning activities comply with the regulations and ensure the normal operation of the hotel.