Under this method, transactions are recorded when they occur, regardless of when cash is exchanged. The profit and loss statement, often called the income...
While accounting and bookkeeping are related, they are distinct functions that serve different purposes. Cash generated or used in the core business operations, such...
Both may perform audits, provide financial advice, and complete tax returns. However, CPAs are licensed by a state board of accountancy, have passed the...
Regular bank reconciliation helps to maintain the accuracy of a hotel’s financial records, aids in detecting any unusual transactions and provides an accurate picture...
A solid grasp of these principles allows hoteliers to make informed decisions that enhance their financial performance and overall business strategy. In this module,...
Getting lost in spreadsheets will cause even more discrepancies and loosen the chances of cost control. Whereas, the hotel accounting services eliminate this situation,...
