We used to talk about hotel finance, we will think of bookkeeping, accounting; talking about hotel financial management, we will think of that is the same as the Ministry of Finance, and other departments have nothing to do. Do you know how to utilize and allocate good hotel financial management? The following is my knowledge about how to utilize and allocate good hotel financial management, welcome to read.

How to utilize and allocate good hotel financial management

Modern hotel financial management is the core of the hotel business management, any one department, any one person has a relationship with the financial management, where touching the flow of hotel funds to each link, from procurement, to warehouse management, to processing, to sales, to the return of funds, and then back to the procurement, are permeated with financial management.

At present, the hotel industry's financial institutions are generally set up according to the different scope, level and internal management needs to be developed, there is no fixed unchanged model. Most of the hotel finance department *** by five parts: accounting, auditing, cashier, procurement and supply (treasury), the financial director directly in charge of the Ministry of Finance and its procurement, supply; Ministry of Finance is directly under the leadership of the general manager of an important department of the Ministry of Finance, the Ministry of Finance's institutional setup determines the special status of the Ministry of Finance. From practice, I y appreciate the benefits of this type of financial institutions are:

First, you can establish the appropriate functional institutions and organizational systems to reconcile the ordinary work of the management staff; beneficial to the thrift and mobilization of manpower, material and financial resources; the same control and mobilization, to accelerate the turnover of funds to ensure that the accounting work is carried out smoothly to give full play to the finance and accounting. "Reflect and monitor" function. So that our financial management of all aspects of the work can be connected to the ring, to achieve the economic subject of the operation of the order to deal with the uncertainty of the market economic environment.

Secondly, the Procurement Department and the warehouse directly under the Ministry of Finance, to facilitate understanding of trade and market conditions, to reduce operating costs, to avoid the misuse of funds and accumulation of material. The advantages are: beneficial to the control of hotel procurement costs. Hotel procurement price how to determine, directly affect the level of cost. International hotel on the procurement cost determination, usually by the Purchasing Department and the Ministry of Finance *** with the staff investigation and confirmation of any one of the "Purchase Request Form" must be fully investigated, the implementation of the comparison of three, and finally by the Chief Financial Officer to decide on the procurement of food raw materials and goods, because of its price with the seasonal changes frequently, must be by the Ministry of Food and Beverage, cost control Department of Food and Beverage, Purchasing Department *** with the staff to carry out market research, according to the results of the survey, deducting a certain amount of wholesale and retail price differentials, and finally determine the purchase price.

Third, set up a full-time day and night audit. Domestic hotels should be aligned with international hotels close to the determination of the receipt of international hotels is a very important work, in order to ensure that the receipt of correct and timely, international hotels specializing in setting up a daytime auditor (day auditor) and night auditor (night auditor), engaged in the work of the night audit. Staff, past domestic hotels do not have this position. From the cashier to the night auditor, day auditor on the receipt, layer by layer review, layer by layer gatekeeper, to ensure that the hotel's receipts are not lost, but also to ensure the timely recovery of customer accounts receivable.

Fourth, the restaurant and other cash registers managed by the Ministry of Finance, the cashier does not directly contact with customers; through the medium of the waiter, to avoid loopholes and faults in the cashier, the guests, the waiter, but also to facilitate the mutual monitoring and control of food and beverage costs and revenues.

Fifth, the total cashier centralized management of hotel funds for the unification of expenditure, international hotels attach great importance to the control and management of cash flow. Internal control procedures are rigorous and very clear. The Finance Department of the cash on hand (including bank deposits) requirements must be a daily inventory and submit to the Chief Financial Officer, "day-to-day cash flow table". The inventory of cash is conducted by the daily auditor (auditing) to ensure the safety and fair use of cash on hand. As a rule, each month the Finance Department must prepare the cash flow plan and supplier payment plan on time, and report the payment status to the General Manager. In order to ensure that the cash according to the required program activities to ensure the normal operation of the hotel.