HM303 Guest Accounting

It records financial dues not paid or partially paid by the guests at the time of checkout.

• Guest Account

• City Account

• Management Account

It is a type of folio assigned to charge groups or organizations.

• Employee folio

• Guest folio

• Non-guest folio

• Master folio

These are detailed documentary pieces of evidence for a transaction to notify the front office about guest purchases or availing of any service at the hotel.

• Vouchers

• Ledgers

• Visitor Paid Outs

• Traveler's Cheques

It is a set of guest accounts currently residing in the hotel.

• City Ledger

• Main Ledger

• Guest Ledger

• Receivables Ledger

This stage in the accounting cycle conducts the verification of postings through night audit.

• Maintaining the guest account

• Opening a guest account

• Settling and closing the guest account

True or False: The duplicate sheet of a paying-in slip remains in the book intended for the hotel’s financial control processes.

• True

• False

True or False: In a guest ledger, the payments already obtained are recorded in the Transfer to Ledger column.

• True

• False

It refers to the money received from the various operations of the hotel that is paid into the hotel’s bank account.

• Takings

• Sales

• Profit

• Revenue

It refers to the small stocks of cash used to give change when guests pay their bills, to offer currency exchange, and to allow for Visitor Paid Outs.

• Cash Fund

• Cash Float

• Voucher

• Traveler's Cheque

It is a systematic process in which a designated front office staff identifies, records, measures, classifies, verifies, summarizes, interprets, organizes, and communicates financial information for a hotel business.

• Front office accounting

• Hotel accounting

• Guest accounting

• Managerial accounting