$2.99
To ensure the strict control over payments by minimizing cash amounts.
Objective:
To ensure the strict control over payments by minimizing cash amounts.
“…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 emergency up to a limit of the local currency equivalent of…”
Details:
File Size: 19 KB
File Format: Word
Print Length: 01 page
Publication Date: September 17, 2016
Language: English
Editable: Yes
In order for the accounting department to achieve maximum effectiveness and efficiency with sufficient internal controls in place to prevent errors and frauds, the department should be organized by operational functions with proper segregation of duties.
To establish a standard method of accounting for the Hotel’s fixed assets and the responsibility for their care and security.
To guarantee the cash float safety and ensure that the cash float amount is adapted to the activity of the related outlet.
