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 the knowledge about hotel financial management compiled by me, I hope you like it!

1. The content of hotel financial management

is actually service, which serves the business needs of the hotel. The content of financial management includes three aspects: accounting, financial management and capital operation.

1) Accounting can be visually regarded as the movement of raw materials related to finance, which needs the guidance of financial personnel, with the key points focused on data and the financial personnel being passive.

2) Financial management can be visually regarded as the movement of relevant financial personnel, who exert their subjective initiative to explore financial objects, so as to achieve the harmony between accounting elements and hotel management, and the 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, and the movement of capital and personnel is integrated 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 finance department, but it is just to stay away from it.

2) Financial management is based on the service hotel management mode, not on the advantages and disadvantages of financial theory: hotels generally take sales as the starting point to formulate management processes and management strategies. As financial management, we must adapt to the hotel management mode. In this era when sales are king, we can vividly use skin and hair to compare the relationship between business management and financial management. The reason why a hotel can survive and develop lies in its products and sales channels. Only when a hotel survives and develops can it talk about finance.

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

3, the 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 finance department to accurately record, account and count the whole business activities, and seek the best mode or method to reduce costs in the accurate analysis, rather than simply cost control and saving.

2) tax planning to reduce tax burden

through the knowledge mastered, 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 various departments and provide data basis for the general manager's decision

integration of the whole business activities. 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 events, the business relationship between various departments will be more reasonably connected.

4) Internal control to prevent risks

Organize and implement internal control and ensure its effectiveness.

5) Early warning of budget control moment

It is both a management department and a service department. While serving the operation, it should do a good job in financial control and supervision according to relevant rules and regulations, including controlling, analyzing and assessing the budget implementation, and early warning and rectifying the implementation progress.

6) Capital operation service strategy

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