Recording your venue’s total revenue is the easy part. But when it comes to a profit and loss statement, you want to get down to the details. By dividing your revenue into different categories, you’ll be better able to determine which parts of your venue are bringing in a profit.
In this lesson, you’ll learn how to differentiate between gross and net revenue and their impact on profit and loss.
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.