Profit and loss essentials
This course is included in a Typsy Premium subscription along with 85 other courses.
Course details
Money can make or break your business, which is why understanding your profits and losses should be a key priority when it comes to running a successful hospitality business. With money flowing in and out from all angles, staying on top of it all can be a struggle.
In this course, co-founder and CEO of Wilcuma, Nicolas Simon, will help you understand how to create and maintain a profit and loss statement that will help you keep on top of your venue's finances.
WHAT YOU WILL LEARN
- Welcome - Profit and loss essentials
- Introduction to profit and loss
- Revenue categories for profit and loss
- Analyzing revenue for profit and loss
- Food cost for profit and loss
- Beverage cost for profit and loss
- Payroll categories for profit and loss
- Payroll tools for profit and loss
- Operational expense categories for profit and loss
- Operational expense budgets for profit and loss
- Owning your venue's profit and loss
- Conclusion - Profit and loss essentials
This course is perfect for any hospitality business owner looking to take control of their finances.
Meet your instructor
Nicolas Simon
Nicolas Simon is the co-founder and CEO of Wilcuma, a full-service hospitality company offering services to help anyone looking at opening a business succeed from day one.
12 lessons included in this course
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All Typsy courses are endorsed by the Institute of Hospitality
Typsy courses have been endorsed by the Institute of Hospitality which demonstrates the courses:
- Adhere to good practice standards in training and training delivery
- Are relevant to the needs of the industry
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What our members are saying
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"Been loving Typsy so far! It was honestly like love at first sight, with the plethora of informative courses at my fingertips in such high quality and certified instructors. I especially love how crisp and easy to follow these courses are, whether you're a novice or an expert... Highly recommend Typsy to everyone who's a part of the hospitality industry."
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"I have been using the Typsy online training platform since April 2020 and have found it to be very informative, simple, and it provides hands-on, practical skills that I have been able to immediately implement at my accommodation facility. It also assisted in sharpening and updating my current skills to enhance my guests' experiences in the future."
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FAQ
Each course consists of a number of 3-5 minute lessons and a quiz. When you successfully pass the quiz you will earn a digital course certificate.
Yes! Every Typsy course includes a digital certificate that you can download or share online. To earn a certificate you must successfully pass the course quiz.
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