What’s Possible in the Future with Hotel Financial Statements – By David Lund

I am a big fan of the Uniformed System of Accounts for the Lodging Industry (USALI), or as she is affectionately called 'You Sally.' It has been the guide that our industry uses to properly present financial information for a long…long time, in fact almost 100 years. It lays out the format for our financial statement presentation and essentially acts as a referee if you like, to tell us what goes where. What revenues, costs of goods, expenses, and payroll belong to which department.