Profit and loss essentials

duration 59 mins
Lessons 12 Lessons

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.