Get Guide For Completing Hotel Motel Income And Expense Forms

This guide provides clear instructions for filling out the Guide For Completing Hotel Motel Income And Expense Forms online. By following the outlined steps, users will be able to complete the form accurately and efficiently.

Follow the steps to effectively complete your income and expense forms.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Begin by entering the total number of available rooms specifically for overnight accommodation in the designated field.
3. Calculate and input the annual occupancy rate, which is the total number of occupied room nights per year divided by the total number of rooms available per year, expressed as a percentage.
4. Determine the average daily rate by dividing the total annual room revenue by the total number of occupied room nights, and record this in the appropriate field.
5. Calculate the RevPAR by dividing the annual room revenue by the total number of rooms available and enter this value in the form.
6. Categorize revenues according to the departments: Room, Food & Beverage, Telephone, Garage/Parking, Laundry, Health Club, Commercial, and Other revenue in the specified sections.
7. List all direct operating expenses under the operated department categories, while classifying general overhead items as undistributed operating expenses.
8. Ensure that all operating expenses including administration, marketing, human resources, and repair and maintenance are accurately recorded under their respective categories.
9. Include any furniture, fixtures, and equipment costs that are applicable, ensuring to separate out capital costs from regular expenses.
10. Review all entered information for accuracy before proceeding to save changes.
11. Once completed, you can download, print, or share the form as needed.

Complete your hotel motel income and expense forms online for ease and efficiency.