|P&L - Profit and Loss Statement||
This document lists the totals for revenues, expenses and profits of each department within the hotel. In the revenues, you will find rooms revenues, F&B revenues, conferences and events revenues, telephone revenues, spa and health club revenues, parking revenues and other income. In the profits, it includes the revenues mentioned above, less the expenses of each department. In the expenses, you will find all the departments that do not generate any direct revenue, such as marketing, accounting, energy costs, etc.
There are two types of P&L statements: the consolidated one and the department one. The consolidated P&L is used to report and measure the financial performance of the establishment, by revenue centres, profit centres and expenses centres. The department P&L is used as a management tool to provide to managers information, which they can use to operate their department.