Hotel Finance – Paid Outs – SOP

      FI 017: Paid Outs


      Objective:

      To ensure that there is minimum risk of loss to the hotel from paid outs.

      “…Paying cash directly to guests is to be avoided (unless a refund is due to them on excess cash that they have previously paid in advance) and is permissible only in the case of …”


      Details:

      File Size: 21 KB
      File Format: Word
      Print Length: 01 page
      Publication Date: October 13, 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.