The daily expenses of a hotel must be very high, so the financial management must be standardized. What I bring here is a paper on hotel financial management, hoping to help you.

Hotel enterprises are one of the important sectors of the national economy and an important part of the tertiary industry. Hotel financial management is a branch of enterprise accounting, which is of great significance in providing financial information externally and strengthening management internally.

Keywords: hotel financial management accounting

First, the significance of hotel financial management

Hotel financial management is a branch of enterprise financial management and an important part of enterprise management. It takes money as the unit of measurement, adopts special methods to collect and process economic mutual information, organizes, controls, regulates and guides economic activities, and seeks the optimization of economic benefits.

Hotel enterprises are an important part of the tertiary industry. The development level of tertiary industry has become a symbol to measure a country's economic development level, and it is also the trend of current industrial structure adjustment. This is mainly determined by the development of productive forces. With the improvement of people's income and the socialization of housework, people gradually get rid of primary and secondary industries and heavy housework, and have more leisure time and ability to engage in personal hobbies and enjoy social services. In the tertiary industry, the hotel industry is favored by people. As an entity (enterprise), at present, all countries have seen the great benefits brought by hotel enterprises, so they all strive to develop first. The development of industry depends on corresponding management, and scientific and effective management is an important condition to promote industrial development. Hotel enterprises focus on service, integrating production, circulation and service, and their management is relatively complicated. Moreover, the hotel industry is a labor-intensive enterprise, and its service attitude and service quality directly affect the economic benefits of the enterprise and are closely related to the management level of the enterprise. Poor management is the direct cause of the closure of many hotels. Enterprise financial management is an important functional department of management, which is of great significance for strengthening enterprise management, reducing costs and improving economic benefits.

Second, the characteristics of hotel financial management

The characteristics of enterprise financial management are determined by the financial management object, and the operating characteristics of the hotel industry determine the characteristics of its financial accounting. As hotel enterprises belong to the tertiary industry, generally speaking, their operating characteristics are eye-centered, supplemented by production and commodity circulation, and directly serve consumers. Compared with industrial enterprises and commodity circulation enterprises, it has the following characteristics in financial accounting;

1, accounting methods are different. Hotel enterprises perform the three functions of production, taste and service, so in financial accounting, it is necessary to combine different businesses with the financial accounting methods of industrial enterprises and circulation enterprises. In the course of operation, the catering industry also performs three functions: production, retail and service, that is, on the one hand, it is engaged in cooking dishes and food; On the one hand, cooked products are directly supplied to consumers. In the process of supply, provide places, appliances and services for consumers. In addition, the quality standards and technical requirements of catering products are complex, so it is difficult to calculate the complete cost of products piece by piece like industrial enterprises in financial accounting. Generally, only the total cost of raw materials consumed by business units or business types, as well as operating income and various expenses can be accounted for.

2. The distribution structure of income and expenses is different. Take the service industry as an example, the service industry is usually provided with skilled labor by specialized practitioners, with corresponding equipment and tools as the main service content. In financial accounting, it is necessary to reflect the operating income obtained according to the prescribed charging standards, the expenses spent in the service process and the cost of raw materials consumed in the processing process.

3. Self-made goods and purchased goods are accounted for separately. In order to master the operating results of self-made goods and purchased goods respectively, and strengthen the accounting and management of self-made goods, enterprises engaged in the sales of purchased goods should also account for self-made goods and purchased goods separately.

Third, the role of hotel financial management

From the internal point of view, the main functions of financial management include:

1, which is conducive to strengthening enterprise budget management and striving to maximize profits. Maximizing profits is one of the business objectives of enterprises. Profit comes from the service quality of employees and depends on various management measures of enterprises. Enterprise budget includes: capital budget, cost budget, operating income budget and profit budget. The accounting department shall, according to the financial management information, market changes and inflation, formulate various revenue and expenditure and capital budgets and financial plans, and participate in enterprise management and decision-making.

2. It is conducive to strengthening cost control and striving to minimize costs. The accounting department controls and supervises according to the enterprise budget and relevant legal systems to save costs and expenses.

3, is conducive to the assessment of units (individuals) operating performance, to mobilize the enthusiasm of employees. Through financial accounting, calculate and compare the operating income, operating expenses or costs of various business units and professional and technical personnel in a certain period, evaluate the work performance of units or individuals, and reward or punish them according to regulations. At the same time, these financial management materials are the basis for formulating new budgets and improving work.

Externally, the function of financial management is mainly to provide financial information. Investors' creditors can know the performance of enterprise management through the information provided by financial management and decide to increase or decrease enterprise investment; The information provided by tax authorities through financial management can check the implementation of relevant laws and regulations of enterprises. In a sense, financial management, as a "business language", describes the operating conditions of enterprises to the outside world.

Fourth, the task of hotel financial management

The task of financial accounting in hotel enterprises is determined according to the characteristics of tourist hotels and the requirements of hotel management. The main tasks of hotel financial management are:

1. Reflect and supervise the implementation of relevant national policies, regulations and financial systems by tourist hotel enterprises in their economic activities.

2. Correctly, timely and comprehensively reflect and supervise the operating expenses, operating results and capital utilization of hotel enterprises, so as to urge enterprises to strengthen economic management and improve economic benefits.

3, the correct and reasonable use of financial accounting data, analysis of business activities of enterprises, so as to provide reliable financial basis for macro-decision-making of enterprises.

To sum up, the important task of financial accounting of hotel enterprises is to truthfully reflect and strictly supervise the economic activities of hotel enterprises, so as to strengthen the financial management of hotel enterprises and improve economic benefits.

References:

[1] Xu Li. How to strengthen the financial management level of hotel industry in China? Foreign investment in China. 20 1 1; 2-25

[2] Ceng Min. On the internal control of hotel financial management in China. China Finance and Trade.2010-11-23

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