Report Frequency Data that is reported Total revenue and total costs for the Daily, Weekly entire establishment Profit and loss statement Monthly, Annually Also prepared for each department Balance sheet Monthly, Annually Assets, liabilities and owner’s equity Daily, Weekly Cash inflows, cash outflows, Statement of cash flows available funds Monthly, Annually Daily, Weekly for future cash inflows and Cash budget outflows Monthly Cash balance in the bank account Bank reconciliation statement Monthly (or and the ledger account Payroll cost report Daily Labour cost by department Food cost report Food and beverage costs for catering Daily operations Beverage cost report Summarises all costs associated with Room cost report Daily preparing rooms for guests Details any other operating costs Other operating cost summaries Daily, Monthly management wish to monitor from all departments Summarises the supplies ordered by Purchase reports Daily department Records the stock received for the Goods received reports Weekly period of time required Lists stock that could not be resold to Wastage report Daily, Weekly customers
Report Frequency Data that is reported Profit and loss statement Daily, Weekly Monthly, Annually Total revenue and total costs for the entire establishment Also prepared for each department Balance sheet Monthly, Annually Assets, liabilities and owner’s equity Statement of cash flows Daily, Weekly Monthly, Annually Cash inflows, cash outflows, available funds Cash budget Daily, Weekly Monthly for future cash inflows and outflows Bank reconciliation statement Monthly (or Cash balance in the bank account and the ledger account Payroll cost report Daily Labour cost by department Food cost report Beverage cost report Daily Food and beverage costs for catering operations Room cost report Daily Summarises all costs associated with preparing rooms for guests Other operating cost summaries Daily, Monthly Details any other operating costs management wish to monitor from all departments Purchase reports Daily Summarises the supplies ordered by department Goods received reports Weekly Records the stock received for the period of time required Wastage report Daily, Weekly Lists stock that could not be resold to customers
TM_Monitor_catering_revenue_&_costs_Final.docx