Month: April 2023

Settlement of bills in the hotel industry can be done through various modes of payment, such as cash, credit, and foreign exchange. Let’s take a look at each mode in detail: Cash mode: This mode of payment involves settling the bill using cash. Cash payments are generally preferred for smaller transactions and are commonly used […]

Sales record and control of revenue producing sections is an essential part of hotel accounting, as it enables hotel management to monitor revenue generated by different sections and identify opportunities to increase profitability. In this unit, we will cover the following topics: Sales record: This involves keeping track of all sales made by various revenue-producing […]

Introduction to front office accounting Front office accounting is the process of recording and managing financial transactions that occur between the hotel and its guests at the front desk. The front office is the first point of contact for guests when they arrive at a hotel, and it is responsible for managing all financial transactions […]

Unit 1: The property management system (PMS) The Property Management System (PMS) is a software application that is designed to assist property managers in managing their properties. It is a tool that helps property managers to organize, streamline and automate their day-to-day tasks and operations. A PMS is an essential tool for any property manager […]