Most of your costs can be placed into one of two categories: Costs of goods sold and Payroll. However, what about the day-to-day expenses of running your business? Rent? Electricity? Well, this is where the Operational expenses category comes into play. This is the final main category for your profit and loss statement.
In this lesson, you’ll learn how to navigate and account appropriately for all expense categories including how to put together operational expenses that correspond to each individual venue.
This course is perfect for any hospitality business owner looking to take control of their finances.
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.