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 online 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'll learn in the Profit and loss essentials course
- 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
Who the Profit and loss essentials course is for
This online 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.
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12 lessons included in this course
Prove you’re job ready
Highlight the new, job-relevant skills you’ve gained and supplement existing qualifications with a hard-earned, industry-specific digital certificate.
- Learn the latest in your chosen industry or subject.
- Complete each course and pass the quiz.
- Earn a certificate that you can print or share on
- Impress employers with learning outcomes you can add to your CV.
- Make your career dream a reality.
How courses work
Join a 10-day trial
Begin a free trial where you get access to all courses, quizzes, and certificates that you can complete anytime during the 10 days. Cancel anytime with no charge.
Watch all the lessons
Complete all the lessons included in the course. Each lesson is generally 3-5 minutes long.
Pass the quiz
At the end of each course is a quiz. The quiz will test that you have retained the key learning outcomes in each course.
Earn digital certificates
Receive a certificate for every completed course that you can download and share with your professional network.
Become an expert
Use your specialist training to build confidence, progress further in your career, or build expertise in areas you're passionate about.
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
- Meet a wide range of essential criteria relating to quality standards and quality learning outcomes
What to expect when you learn on Typsy
What our members are saying
"I especially love how crisp and easy to follow these courses are."
"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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"It assisted in sharpening and updating my current skills."
"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."
Denise A
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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.
No! Each course is 100% online. You can login at anytime and learn at your own pace.
Typsy Premium provides you with full access to the Typsy platform. You can access and watch any of our 85+ courses. Typsy Free provides limited access to the Typsy Platform and includes access to 30+ courses.
Your free trial of Typsy Premium is valid for 10 days. You can cancel at any time during your trial and you won't be charged.
Start learning today - with your free 10-day trial.
After your free trial you can:
- Pay per year to keep learning online
- Have complete control over your subscription; you can cancel any time
- Learn at your own pace
- Complete online assessments to test your knowledge and prove your skills
- Earn digital course certificates that you can share online, with potential employers, and your professional network
