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Daily Reports

They provide information on revenues and labour costs. They focus on providing the actual operating results for the previous day and comparing those results with forecasts, budget, the previous month, and last year’s information.

  Daily Weekly Monthly Quarterly Annually
Performance Reports—The Past Amounts in $
Daily revenue report 79,700        
Daily labor report 23,000        
Weekly financial report   396,900      
Monthly P&L     1,587,600    
Profitability measurement     1,587,600 4,762,800 19,051,200
Planning Reports—The Future          
The daily room count        
The daily banquet schedule        
Weekly revenue forecast   560,000      
Weekly labor forecast   161,000      
Monthly revenue forecast     1,596,000    
Quarterly revenue forecast       4,788,000  
End-of-year revenue forecast         19,152,000

 

Assumptions made in the report include;

Past daily revenue was $79,700.

Labour force costs are $23,000; the hotel has 3 managers for its three departments, each earns $70,000 per month. Daily costs are $7,000. Other employees earn $10 per hour. The hotel has 200 other employees each working 8 hours per day.

Future trends indicate that on average, only 600 rooms will be occupied every night. Room charges per night are $100. The hotel expects to sell 400 meals daily at an average cost of $50 per meal. Daily revenue is expected to be $80,000.

Daily Revenue Report.

It is more of an audit report prepared to communicate the previous day operating information. Depending on the organization it can be referred to as; Sales and Occupancy Report, Daily Revenue Report or Gross Revenue Report. For purposes of this study, it will be referred to as the Daily Revenue Report. The report is organized into sections; departmental revenue report, hotel daily room statistics and Restaurants & Banquets Summary and hotel market segment information. The report is organized in a similar format as the Profit and Loss statement.


Date: 2015-01-12; view: 1048


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Course: Financial Management | Labor Productivity Reports.
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