When Was the Last Time You Read Your Hotel Balance Sheet?
Would You Know the Financial Position of Your Hotel? Are you aware that your Profit and Loss Statement (the one you are familiar with as a hotel manager) cannot tell you that? For that, you must be able to know at least the basics of your hotel balance sheet.
Do not be left behind. Take action Now to set it right.
Are You Asking these Questions on Your Hotel Financial Position?
Long Term Assets of Paradise Hotel
Know Your Hotel Assets
Identify Liabilities of Your Hotel
Owner Equity n Liabilities
Owner Equity n Liabilities
Learn About Owner Equity
Hotel Balance Sheet - Financial Position Statement
Latest Posts on Hotel Balance Sheet Basics
Hotel Balance Sheet Basics
Hotel Balance Sheet Format
A Hotel Balance Sheet is one of the most important financial statements you should be good at reading. Find out what are the foundational pillars of this key financial statement.
Hotel Financial Statements
The Hotel Balance Sheet tells you things which the Hotel Profit and Loss Statement can never. So, what are those key areas it touches upon? Read on..
How to Prepare a Balance Sheet for Hotels
In the preparation of a Hotel Balance Sheet, what is the relationship to the Hotel Profit and Loss Statement? What are the benefits of this key relationship?
Our Story
Lakshmi Narasimhan Soundararajan
Right from the time he was in school, Lakshmi had a head for numbers. In fact, he says, numbers talk to him and tell him stories. At the same time, as he fashioned his career in the hospitality industry, he worked closely with colleagues who did not have a financial background. He saw them struggle with numbers and fear them.
Lakshmi made up his mind there and then to commit his career to hotel finance training by simplifying numbers for the benefit of his non-financial background colleagues. He founded Profits Masterclass first and then Financial Skills Academy with the philosophy of assisting managers and small business owners to Build Financial Skills, Knowledge and Ability in themselves.
His vision is for Financial Skills Academy to be the Ultimate Learning Hub for Hotel Finance Training.
Lakshmi 's all time favorite historical figure is Leonard Da Vinci and in particular Da Vinci's love for simplicity. When founding Financial Skills Academy, Lakshmi based the value proposition for his hotel finance courses on three foundational principles: SIMPLE. NON-TECHNICAL. USABLE.
Your Professional development Partner
Want to elevate your learning to professional development?
Click below to Find out why Financial Skills Academy Membership is your all in one place professional development center.
Praise and Testimonials
What past students, now General Managers said about our courses
Jan Kaiser
Opening GM InterCon
Have never met a person who could make a Finance course so interesting
Very professional individual with tons of experience.
A man who has experienced it all himself and thus knows exactly what he is talking about and can relate to his students.
Have never met a person who could make a Finance course so interesting . Love his Humor too. Wonderful man.
G Lombardo
GM Shangri-La
Nara's vicarious method greatly contributed to a very effective learning experience.
I had the great opportunity to attend a 2 day "Financial tool kit" workshop presented by Narasimhan (Nara for the friends), and I must say they were 2 days of real enjoyment.
Nara's vicarious method greatly contributed to a very effective learning experience. By applying the "show and tell" principle, apparently complex financial subjects were much easier to assimilate.
The thoughtful usage of visuals and colours throughout the overall presentations, represented a powerful method to facilitate the educational process. In a nutshell,
Milos Cerovic
GM InterCon
Great course for those who are developing to become GMs and GMs with a non-finance background.
I took Nara's finance course in November 2014. After the two day session, I managed to not only refresh my knowledge but further build upon it to a great extent.
Nara is entertaining yet bold and always to the point. His approach to teaching this course is very simple: "remove the non-sense from the curriculum and cover the important stuff".
Great course for those who are developing to become GMs and GMs with a non-finance background. Thank you Nara!
Sign up to the Hotel Finance Trainer Newsletter for more tips, strategies and secrets straight to your inbox.
