Hotel Finance – Accounts Receivable – SOP

      FI 002: Accounts Receivable /


      Objective:

      To ensure that payment for credit extended by the Hotel is received promptly, and in full.

      “…Requests for billing to a third party will normally be made at the time that the room reservation is made.  The reservations department should check with the Accounts Receivable accountant before confirming that it is OK for the account to be forwarded to the third party…”

      Includes:

      – BILLING
      – POSTING TO ACCOUNTS RECEIVABLE
      – INVOICING
      – RECEIPT
      – ACCOUNT RECEIVABLE REVIEW
      – RETURNED CHEQUES


      Details:

      File Size: 32 KB
      File Format: Word
      Print Length: 08 pages
      Publication Date: July 27, 2016
      Language: English
      Editable: Yes

      The finance (sometimes called accounting) department function is recording financial transactions, preparing and interpreting financial statements and providing management with timely report and operating results.