Hotel Finance – Advance Deposit – SOP

      FI 004: Advance Deposit


      Objective:

      To ensure that advance deposits received for accommodation and functions bookings are requested, controlled and recorded in accordance with the hotel policy.

      “…The deposit checks/order/cash should be passed through to the General Cashier for banking after they have been recorded by the Accounts receivable accountant on a daily summary of incoming checks/order/cash…”


      Details:

      File Size: 22 KB
      File Format: Word
      Print Length: 03 pages
      Publication Date: August 18, 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.