PLANNING FOR PROFITS is a practical resource that allows you to ask a series of “What if” questions in an excel worksheet that will allow you to examine various scenarios to aid you in making those decisions.  This links directly to the PLANNING FOR PROFITS detailed explanations of working with budgets.

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It is recommended that this be purchased in combination with the accompanying word document also available in the store

 Planning for Profits - An Overview to Effective Budgeting

PLANNING FOR PROFITS may be used as a line-by-line profit and loss statement that utilizes the Uniform System of Accounts, the standard of the hotel industry. It can be utilized as a month-to-month income forecast or even annualized for debt service forecasts, which features a list of fixed and variable costs.

PLANNING FOR PROFITS automatically calculates the cost of an unoccupied room, based on your own operating expenses. The glossary of terms that describes each line item indexed to the corresponding line on the sheet. Please note that the base model was built for a  100-room hotel  and some line item costs may need to be added to portray a property’s specific needs accurately.