SOP Accounts Receivable Archives - Page 3 of 3 - SetupMyHotel

SOP Finance and Accounting – Cheque Signing Procedure

25 November 2023

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 ...

SOP Finance and Accounting – Guest Ledger and City Ledger

24 November 2023

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 ...

SOP Finance and Accounting – Accounting For Charge Backs

24 November 2023

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 ...

SOP Finance and Accounting – Primary Financial Controls Process in Hotels

24 November 2023

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 ...