Computer Ingenuity Associates STANDARD HOTEL PL FORMAT Standard

Computer Ingenuity Associates STANDARD HOTEL P&L FORMAT

Standard Format USE OF THIS FORMAT The report format you are about to review was developed by Computer Ingenuity Associates. The format is based on the Standard Operating Report used by Hotel Operators in the United States. This format is used almost exclusively by every major Management Company, REIT, and publicly traded Hotel Operator, with only minor differences between them. This is the format required by bankers, lenders, and other investors. This is the format that is used by Underwriters, Analysts, Hotel Asset Managers. Use of this specific format, as displayed here in, is strictly prohibited, without the written permission of Computer Ingenuity Associates. This Chart of Accounts is being presented to you as a visualization what your Operating Statement should look like. It is for informational purposes only, and does not imply permission for you to use this as the setup of your Operating Statement without written permission from Computer Ingenuity Associates. This format is based on the USALI 11 th Edition, but has been customize for use by clients of Computer Ingenuity Associates. This Operating Statement Report, can be used with an automated interface to several accounting systems, including the Intuit Quickbooks Online version set up for hotel operators. If you wish to reuse this report format, in a product other than Computer Ingenuity Associates, please contact us at sales@ciasoft. com for specific instructions on requesting permission for use.

Standard Format ABOUT THIS FORMAT The images included in this presentation are showing the format for complete comparability to hotel industry standard reporting. You can get a minimum level of comparability by making sure that your Monthly P&L satisfies at LEAST the following requirements: 1. Subtotaled by Department 2. Subtotals for Payroll, Burden, and Other Expense 3. Payroll is Separated from Burden 4. Separate account for each Payroll Position 5. Rules for separating Above GOP, and Below GOP expenses are in place The other features described below are necessary to satisfy a variety of other requirements, including the format required by many investors. Additionally, many of the comparable data points and metrics in our standard format will greatly improve your ability to benefit from industry comparison reports. These features are used by large operators in order to make operational decisions and maximize profits. If you want to learn more about this report format and the benefits of using it, please contact us at sales@ciasoft. com for specific instructions on requesting permission for use.

Standard Format One component of the Industry Standard Format, is the inclusion of a Summary Page that shows department totals, Profit, and Income

Standard Format The industry excepted format includes both Month To Date and Year To Date Totals on the same page.

Standard Format Your P&L should show Actual, Budget, and Last Year Values Those comparable values, and the variances they create, allow you to easily see how you hotel is performing.

Standard Format Your P&L must include % or Rev and Per Room metrics These tabs represent the required Operating Departments that you need to have on your P&L to be comparable.

Standard Format This Rooms Department Page is an example of how the individual department pages of your P&L should I order to get an look. accurate comparison to other operators and industry averages, and to be compliant with industry accounting practices, you must have separate subtotals of Payroll, Taxes and Benefits, and Other expense