A hotel can be a profitable business, but only if the hotelier has knowledge of hotel accounting. That way, they will have control over their hotel’s finances and be able to make it more profitable. By using hotel accounting software or hotel bookkeeping software, hoteliers will benefit from some great benefits that come along with these programs. 1) Record Revenue…
Hotel accounting is not an easy task to accomplish, especially if you are new to the industry. There are many hotel accounting challenges that must be addressed throughout this process. However, with the right knowledge and tools, it can be done efficiently and effectively. One thing every hotel accounting department should learn how to do is report daily revenue through…
Hotel accounting and hotel bookkeeping are different will all types of hotels and companies, but for the sake of this article we will focus on a traditional large-scale hotel. Hotel bookkeeping primarily entails recording everyday transactions such as taking reservations at the front desk or food and drink orders from guests; these transactions then need to be posted into the…