Hospitality Made Easy 1.5
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Free Version
Publisher Description
Hospitality Made Easy - Hospitality made easy is a complete app for Students and Hotels.
The hospitality industry is one of the largest and fastest growing industries, with over $550 billion in revenue worldwide. This application is designed to educate students who are seeking a career in the Hospitality Industry (Hotels, Motels, Resorts, Restaurants etc.), and it is also designed to help those who are working in this industry at any position from Front Desk to Night Auditor, Managers, Assistant Manager and General Managers, to understand the concept of accounting and finance process in this industry, so that they can improve the operation and productivity of their organization.
This application covers from basic accounting to the monthly closing process, hotel’s key performance metrics, and other useful materials with explanations and examples to improve the efficiency and profitability of hotels, while comparing the performance within the same industry. Owners, CEO’s, Presidents, Controllers and CFO’s can also be benefited from this app as they can calculate their Occupancy %, ADR, RevPAR, projected revenue and a lot more, just by keying in the required information as we have in a separate tab “Calculate Your Property” to get the results. This app also covers a Food and Beverages section that will assist restaurants in keeping their cost in control. Below are some of the major highlights of this application:
• Basic accounting such as forms of business organization, accounts balances, accrual and deferral.
• Balance Sheet and Income Statement (Profit and Loss Account): Head of accounts and format used in hospitality industry.
• Income Statement: It describes various different segments of revenue, and what percentage your expenses of your total revenue should be to improve the bottom line.
• Statement of Cash Flow- indirect method of calculating cash flow.
• How to manage Foods and Beverage, Fixed assets and other operating assets in hospitality industry.
• STR Report: To compare your property (Hotel) metrics with the competitors in the same market and analyze the results.
• Different Balance Sheet and Income Statement ratios to measure the weaknesses and strengths in areas where improvements are needed.
• Hotel Performance Metrics.
• Pricing Strategies: To set room price, to achieve desired profit margin, numbers of rooms required to sell, and Food and Beverages pricing.
• Budget: What percentage the revenue and expenses should be from actual, when preparing the budget.
• Monthly Closings: What are the steps required to close your books at the month’s end.
• Calculate Your Hotel: This is a very useful tab, as it helps to calculate your Hotel Occupancy, ADR, RevPAR, RevPOR, GOPPAR, CPOR, TREVPEG, Current Ratio and many other useful ratios just by keying in numbers and the results will be in front of you.
As revealed by Benjamin Disraeli “The more extensive of a man’s knowledge of what has been done, the greater will be his power of knowing what to do”.
• ONE PAYMENT OF $5.99 AND YOU WILL GET FULL ACCESS OF APP.
About Hospitality Made Easy
Hospitality Made Easy is a free app for Android published in the Accounting & Finance list of apps, part of Business.
The company that develops Hospitality Made Easy is Debeer Ahmed. The latest version released by its developer is 1.5.
To install Hospitality Made Easy on your Android device, just click the green Continue To App button above to start the installation process. The app is listed on our website since 2019-10-16 and was downloaded 6 times. We have already checked if the download link is safe, however for your own protection we recommend that you scan the downloaded app with your antivirus. Your antivirus may detect the Hospitality Made Easy as malware as malware if the download link to com.hospitalitymadeeasy is broken.
How to install Hospitality Made Easy on your Android device:
- Click on the Continue To App button on our website. This will redirect you to Google Play.
- Once the Hospitality Made Easy is shown in the Google Play listing of your Android device, you can start its download and installation. Tap on the Install button located below the search bar and to the right of the app icon.
- A pop-up window with the permissions required by Hospitality Made Easy will be shown. Click on Accept to continue the process.
- Hospitality Made Easy will be downloaded onto your device, displaying a progress. Once the download completes, the installation will start and you'll get a notification after the installation is finished.
