Banquet Event Profit and Loss

See banquet profit and loss for every event, with deposits held as client money, costs tagged to the event and the margin once all bills arrive.

Picture a wedding: booked in March, deposit paid in April, celebrated in November, invoiced the following morning, with the florist's bill arriving in December. Did it make money? Your books can say, since every event has its own ledger.

• Deposits are kept as client money till the event day.
• Assign any line of a supplier invoice to a specific event.
• The margin is worked out once the last bill is in.

Hotel Accounting's banquet ledger section has the details.