Finance – Cash Management – SOP

      FI 013: Cash Management /


      Objective:

      To encourage an efficient and active management of all the Hotel’s cash resources and thereby maximize earnings through reduced short term borrowings and increased deposit interest income.

      “…In order to achieve the stated objective, the Hotel Management will have to maintain a constant vigilance over the movement in the Hotel’s investment in working capital, which should include a system to monitor the following potential problem areas, and instigate corrective action as necessary:…”


      Details:

      File Size: 24 KB
      File Format: Word
      Print Length: 03 pages
      Publication Date: October 04, 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.