Finance Archives

Front Desk – Petty Cash Voucher

29 December 2023

Petty Cash Voucher Format Petty Cash disbursements from the Front Desk are made in emergencies when the General Cashier or ...

SOP Finance and Accounting – Purchase Requisitions And Purchase Orders

2 December 2023

In the hospitality industry, it's crucial that all financial transactions are handled with precision and accuracy. This is especially true when it comes to purchase requisitions and purchase orders in hotels.

Purchase Requisitions And Orders Procedure In the hospitality industry, it’s crucial that all financial transactions are handled with precision and ...

SOP Finance and Accounting – Credit Policy And Direct Billing Authorization Process

2 December 2023

The SOP (Standard Operating Procedure) for finance and accounting regarding credit policy and direct billing authorization process is crucial for any business. This SOP outlines the guidelines for extending credit to customers and the procedures for obtaining authorization for direct billing.

Credit Policy And Direct Billing Authorization Process The SOP (Standard Operating Procedure) for finance and accounting regarding credit policy and ...

SOP Finance and Accounting – F&B Outlet Beverage Controls

2 December 2023

In the hospitality industry, beverage controls are a crucial aspect of financial management. For F&B outlets in hotels, it is important to have a standard operating procedure (SOP) in place for finance and accounting practices. This ensures that the beverage inventory is properly managed and accounted for.

F&B Outlet Beverage Controls Purpose of this F&B Outlet Beverage Controls: In the hospitality industry, beverage controls are a crucial ...

SOP Finance and Accounting – Check Controls Procedure

2 December 2023

The finance and accounting department is a crucial part of any hotel operation. It is responsible for managing the financial transactions, preparing financial statements, and generating reports that provide insights into the hotel's financial performance. As such, it is important to have proper check controls in place to ensure the accuracy and integrity of the financial data.

Check Controls Procedure Purpose of POS Check Controls: The finance and accounting department is a crucial part of any hotel ...

SOP Finance and Accounting – House Funds and Cash Audits

2 December 2023

The Standard Operating Procedure (SOP) for house funds and cash audits in hotels is a crucial aspect of maintaining financial transparency and accountability. This procedure outlines the guidelines for handling cash transactions and managing house funds, ensuring that all financial activities are properly tracked and recorded.

Purpose of House Funds and Cash Audits: The Standard Operating Procedure (SOP) for house funds and cash audits in hotels ...

SOP Finance and Accounting – Petty Cash Control

2 December 2023

Petty cash control is an essential aspect of finance and accounting in hotels. It involves the management of small amounts of cash that are used for various expenses such as stationery, cleaning supplies, and other small purchases. To ensure proper management of petty cash, hotels should have a standard operating procedure (SOP) that outlines guidelines to be followed by staff members responsible for the petty cash.

Petty Cash Control Procedure Purpose of Petty Cash Control: Petty cash control is an essential aspect of finance and accounting ...

SOP Finance and Accounting – Checking Bank Accounts

25 November 2023

Checking bank accounts is an essential task for any hotel's finance team. It is important to ensure that all transactions have been accurately recorded, and that there are no discrepancies between the bank statement and the hotel's records.

Checking Bank Accounts Purpose of Checking Bank Accounts: Checking bank accounts is an essential task for any hotel’s finance team. ...

SOP Finance and Accounting – Bank Reconciliations

25 November 2023

Bank reconciliations are an important part of any financial accounting process. They help to ensure that the company's records match the bank's records, and that there are no discrepancies or errors.

SOP For Bank Reconciliations Purpose of Bank Reconciliations: Bank reconciliations are an important part of any financial accounting process. They ...