Search Bar
Balance Sheet
Balance sheet as an effective tool for proper hotel management and accounting
In proper hotel management and accounting, balance sheet is considered to play a crucial role especially with regards to forecasting potential sales and expenses and analysing past financial records. Balance sheet forms one of the necessary tools for the hotel accountant or finance controller. Besides such functions, balance sheet is also effective for filing income tax returns.
Apart from current assets, market securities and total dividends, these sheets are also instrumental in analysis the role of liabilities and stockholders’ equity in the shares of hotel. Balance Sheet also measures accumulated depreciations and other assets of the hotel in form of furniture and operating services.
Need to formulate balance sheet on a regular basis
Since such task has to be conducted on a regular basis, the hotel accountants require formulating such sheets on a monthly basis. Hence they usually resort to the popular online service platforms which offer effective Balance Sheet to the interested users. With such a tool readily available in printed forms, the users are provided with immense benefits and gets hours of hard work reduced to a matter of few seconds.
Detailed content of the hotel’s financial record
According to the content of the balance sheet that is provided by the online platforms, the details regarding the investments, hotel expenses and securities are stated in the sample sheet. Apart from stating all the above mentioned details and information on equity shares, the form also maintains separate financial strategies for better management of hotels.
This tool helps the accountant to a great extent as they can make the most out of such facilities and give their best when it comes to their accounting and financial task.
Where to download Balance Sheet Template?










Sample Template Preview
Hotel _________
Balance Sheet _________, 19__
AssetsCurrent assets
Cash
House banks
$First National Bank
$
Marketable securities
Receivables
Accounts receivable—transient
$Accounts receivable—city
Total
$Less allowance for doubtful accounts
Net accounts receivable
$Notes receivable
Interest receivable
Dividends receivable
Total receivables
Inventories (Schedule A-1)
Prepaid expenses (Schedule A-2)
Total current assets
$
Investments (Schedule A-3)Property and equipment
Land
$
Buildings
$Less accumulated depreciation
Buildings, net
Furniture and equipment
$Less accumulated depreciation
Furniture and equipment, net
Operating equipment and uniforms (Schedule A-4)
Total property and equipment
Other assets
Deferred expenses
$
Preopening expenses
Other
Total other assets
Total assets
$
_________
Liabilities and Stockholders’ Equity
Current liabilities
Notes payable
$
Accounts payable
Current maturities on long-term debt
Unearned income
Accrued expenses (Schedule A-5)
Other current liabilities (Schedule A-6)
Total current liabilities
$
Long-term debt (Schedule A-7)Total liabilities
$
Stockholders’ equityContributed capital
Common stock, $_____ par $
authorized _________
shares, issued _________
shares
Contributed capital in excess of par value, common stock
Total contributed capital
$
Retained earnings
Balance, _________, 19__
$Add: Net income per Exhibit—
Total
$Deduct: Dividends declared
Total
$Adjustments
Balance, _________, 19__
Total stockholders’ equity
Total liabilities and stockholders’ equity
$
_________
Hotel _________
Balance Sheet Supporting Schedules
_________, 19__
A-1 InventoriesFood $
BeveragesPrinting and stationery
Cleaning supplies
Guest supplies
Total inventories $
_________
A-2 Prepaid Expenses
Property taxes $
Liability insuranceInsurance on building and contents
Advertising
Total prepaid expenses $
_________
A-3 Investments
Stocks:
$
Total stocks $
Bonds:$
Total bonds
Total investments
$
_________
A-4 Operating Equipment and Uniforms (Net)
Rooms china and glassware $
Rooms linenFood and beverage china and glassware
Food and beverage silverware
Food and beverage linen
Uniforms
Total operating equipment and uniforms $
_________
A-5 Accrued Expenses
Salaries and wages $
Federal retirement taxFederal unemployment tax
State unemployment tax
Federal income tax
Interest
Utilities
Total accrued expenses $
_________
A-6 Other Current Liabilities
Unclaimed wages $
Employees’ depositsFederal Income Tax Withheld
Federal Retirement Tax Withheld
State Income Tax Withheld
Total Other Current Liabilities $
_________
A-7 Long-Term Debt
$
Total long-term debt
$_________
Related posts:
- Cigar and Newsstand
- Collective Bargaining Agreement-Industry Wide-New York City
- Contract As to Installation of Furniture and Equipment
- Guaranty of Sale of Partnership Interest
- Guest Account
- Guest Laundry
- Notice to Vacate
- Partnership Agreement
- Property Operation, Maintenance and Energy
- Proposal to Erect Hotel to Be Leased