Hospitality Financial Leadership: Critical Importance of Accruals and Deferrals

David Lund | August 30, 2021

By David Lund   A lot gets written about certain things in the hotel industry and others not so much as a mention. I am not saying it is simply a matter of blatant favoritism or anything like that but it is not lost on me that certain items get the limelight. In this piece, I am going to shine a light on two of the hotel team’s third-line mainstays. This pair keeps us on track month after month and they need a little more respect. Part of respect comes from understanding their function and how important it is to the team’s performance. Without this pair playing well, we are doomed. Each part of our operation needs to underst...