Independent Hotel Finance Made Simple
Part IV introductionProtect Cash And Financial Health
Connect profit to cash, understand the balance sheet, and manage working capital and seasonality before cash pressure becomes urgent.
Reading sequence
13Why Profit Is Not CashBridge the gap between reported profit and available cash by identifying timing, working-capital, investment, financing and owner movements.14The Balance Sheet Without the Accounting LessonRead the balance sheet as an owner view of what the hotel owns, what is owed to it, what it owes, and where financial pressure may be building.15Cash, Working Capital and SeasonalityManage receivables, payables, inventory, commitments and seasonal cash lows so the hotel can meet obligations before they become urgent.