The club uploads or emails an electronic copy of the completed Monthly Trial Balance to CDOL allowing CDOL to extract the data for the Financial Module.

The club uploads or emails an electronic copy of the completed Monthly Performance Reports to CDOL allowing CDOL to extract the data for the Gaming Module.

How does CDOL deal with different Charts of Accounts & Systems?

CDOL maps the individual clubs Chart of Accounts to the CDOL generic Chart of Accounts.

This allows CDOL to map the accounts that are common across all clubs and to exclude accounts that are not of interest.

The mapping process allows CDOL subscriber clubs to be compared on an equal footing month in and month out.

CDOL deals with all financial and gaming systems in the club market.

What is EBITDARD and why do we use it?

Here are some short articles on EBITDARD that may help you understand it and its application in benchmarking:

- Definition & why EBITDARD is used in benchmarking

- How clubs are ranked financially using EBITDARD

- EBITDARD formulas & working example

- Example of accounts included/excluded in EBITDARD

Why is the industry ranked into Top 25%, Mid 50% and Low 25%?

The Financial and Gaming Modules use different ranking systems:

Financial – Clubs are ranked according to their operating efficiency which is established by calculating their EBITDARD as a percentage of total revenue. From highest to lowest, clubs are then grouped into the Top 25%, Mid 50% and Low 25% categories, which are clearly displayed throughout the reports.

Gaming – Clubs are ranked by net profit per machine per day. From highest to lowest, clubs are again grouped into the Top 25%, Mid 50% and Low 25%.

Why should I benchmark my club using Club Data Online?

To ensure your club’s profitability & efficiency

Benchmarking allows you to compare your club’s performance against the greater club industry, giving you factual information on which to base your business decisions. Benchmarking takes away the ‘gut-feel’ out of decision-making. By benchmarking with Club Data Online, you can compare your club’s performance overall and drill down to the key areas that affect your business, e.g. bar, gaming, food, marketing and more!

If the performance of your club is affected positively or negatively, how have the other clubs been affected and do introduced regulatory changes (e.g. smoking legislation) affect your club the same way that they affect others? Furthermore, don’t be misled by the size matters debate! It’s all about making your profits work efficiently.

To comply with Corporate Governance responsibilities.

Benchmarking will assist board members to fulfill their roles and responsibilities to the club and its members.

To ensure the future of the industry

Benchmarking assists the Club Industry to argue its case to all stakeholder groups, e.g. government, community. By gathering detailed performance and operational data on an industry wide basis, the Industry can undertake detailed economic modeling to assess the likely impacts of any proposed regulatory changes.