Hotel Management Colleges in Delhi

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BUDGET AND BUDGETARY CONTROL
Budgeting is one of the main planning activities
of a HEAD OF THE DEPARTMENT. It is the process by
which, based on the actual performance of
establishments in the past, estimates of
expenditure receipts are made adjusted for
forecasting future outcomes. Nowadays all hotel
management colleges in delhi make their students
aware about budget budgetary control among them
The Hotel School is the best options which train
their student in such optimum level so they can
be an effective manager in near future. TYPES OF
BUDGET Budgets may be of different kinds, based
on types of expenses involved ? Capital
budget ? Operating budget ? Pre-opening
budget Categorized by departments involved ?
Master budget ? Department budget Categorized
by flexibility of expenditure Fixed budgets
Flexible budget But in these article, we will
only discuss the operating budget which is the
most important budget to run the business
smoothly. Operating expenses include the
following types of costs Salaries wages,
employee benefits, contract service, operating
supplies, linen, uniforms, pest control,
miscellaneous expenses etc. Controlling operating
expenses Now the questions arise here that how
to control expenses, one who wants to be a good
manager should do an effective operating control,
to control the expense one must follow the
following information
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Effective documentation- All inventories should
be documented to monitor their usage rates
costs. Zero Base Scheduling- This refers to
hiring employees by taking into account the
actual occupancy for a specified period of time
following the staffing guide There are many hotel
management colleges in delhi who provides the
training skill required to make such
budgets. Go Green to Reduce Operating Costs If
you do have an office space, consider reducing
energy usage. Replace regular light bulbs with
compact fluorescent lighting, look to reduce
heating and cooling costs by improving your
insulation and windows, and cut back on the
amount of physical waste. Encourage employees to
communicate via email or other electronic meant
this can drastically decrease the cost of your
monthly office supply order. Cutting operating
costs for your small business isnt impossible,
but depending on how comfortable you are working
with a lean budget. Dont hesitate to spend money
on the services and people you really need, but
take an extra moment or two to consider the
long-term cost of ongoing services or expensive
technology.