SOP Finance and Accounting – Group Travel Agent Commissions

One of the key responsibilities of the SOP Finance and Accounting department is to manage the group travel agent commissions. Group travel is a significant revenue stream for many businesses, and travel agents play a crucial role in facilitating these bookings. As a result, it is essential to ensure that these agents receive their commissions accurately and on time.
Processing Group Travel Agent Commissions Purpose of Group Travel Agent Commissions: On a selected basis a Group Travel Agent Commission ...
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SOP Finance and Accounting – Preparing Expense Reports

Preparing expense reports is a crucial task in finance and accounting, as it helps to maintain accurate records of expenses and ensures that the company's financial statements are up to date and error-free.
Steps For Preparing Expense Reports in Hotels | Resorts: Purpose of Expense Reports: Preparing expense reports is a crucial task ...
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SOP Finance and Accounting – Cheque Signing Procedure

The SOP (Standard Operating Procedure) for finance and accounting department's cheque signing procedure is an essential part of maintaining the financial integrity of any organization.
Cheque Signing Procedure in Hotels and Resorts Purpose of Check Signing Procedure: To create a check signature control to protect ...
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SOP Finance and Accounting – Guest Ledger and City Ledger

In the hospitality industry, managing guest and city ledgers is a critical function of the finance and accounting department. Guest ledger refers to the accounts of individual guests, while city ledger includes accounts of businesses or organizations.
What is a Guest Ledger and City Ledger? Purpose of Guest And City Ledger: In the hospitality industry, managing guest ...
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SOP Finance and Accounting – Accounting For Charge Backs

The SOP for accounting for chargebacks should outline the steps that need to be taken when a chargeback occurs. This may include verifying the reason for the chargeback, determining the correct accounts to be debited and credited, and ensuring that any related expenses or revenue are recorded properly.
How To Process Chargebacks  Purpose of Accounting For Charge Backs : In the realm of finance and accounting, chargebacks can ...
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SOP Finance and Accounting – Primary Financial Controls Process in Hotels

Primary Financial Controls Process in Hotels
Financial Controls Process in Hotels  Purpose of Primary Financial Controls in Hotels: To establish minimum controls to ensure proper operational ...
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