HTM 3060 Lecture Notes - Lecture 6: The Ledger, Settling Accounts, Accounts Receivable

• School: University of Guelph
• Department: Hospitality and Tourism Management
• Course: HTM 3060
• Professor: Woomi Jo

Document Summary

A customer who owes a business for services that have not been paid: folio: bill containing the account of a guest. Two types of hotel customers: transient guests, city guests. Accounting book containing a set of accounts. Transient ledger, front office ledger, guest ledger or rooms ledger. Where the current registered guests" folios are kept: maintained at the front desk, charges are posted continually, as incurred by guests, bill is presented to the guest on departure. Where the folios of of non-registered guests/organizations: maintained in the accounting office, charges are posted periodically, and bill is presented for payment periodically, what is and isn"t accounted for, direct cash payment- then no accounts receivable . Folio, bill, guest bill, guest account, or visitors account. Individual account receivable: kept at the fo in paper form in manual systems, kept the computer system and printed on demand.