FI 017 - Finance - Paid outs

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.