FI 004 - Finance - Advance Deposit

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.