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  • Financial Planning: Financial Analysis and Reporting

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    Amal Nair
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    This document outlines the key aspects of financial planning, analysis, reporting, and invoicing for a hotel or accommodation provider. It includes tracking revenue and costs by department, historical reporting and forecasting, general ledger accounting, automatic billing and receivables, accounts payable, cash flow projections, commissions, and audit trails. Financial data can be analyzed by room rates, occupancy, vendors, debtors, and payment methods to optimize operations and monitor performance.

    Original Description:

    ITIL Financial Management

    Original Title

    ITIL_FM

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    This document outlines the key aspects of financial planning, analysis, reporting, and invoicing for a hotel or accommodation provider. It includes tracking revenue and costs by department, historical reporting and forecasting, general ledger accounting, automatic billing and receivables, accounts payable, cash flow projections, commissions, and audit trails. Financial data can be analyzed by room rates, occupancy, vendors, debtors, and payment methods to optimize operations and monitor performance.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    18 views1 page

    Financial Planning: Financial Analysis and Reporting

    Uploaded by

    Amal Nair
    This document outlines the key aspects of financial planning, analysis, reporting, and invoicing for a hotel or accommodation provider. It includes tracking revenue and costs by department, historical reporting and forecasting, general ledger accounting, automatic billing and receivables, accounts payable, cash flow projections, commissions, and audit trails. Financial data can be analyzed by room rates, occupancy, vendors, debtors, and payment methods to optimize operations and monitor performance.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 1

    Financial Planning

    By cost centre (rooms, phone, internet, caf, convenience store, laundry, tours (POS
    assisted))
    Statistical history and forecast.
    Total room revenue; Average room rate
    Travel agent commission

    Financial Analysis and Reporting


    General ledger
    Profit/cost centres
    Automatic direct billing from front desk
    Printing and mailing of room/monthly guest bills to companies. Statement print/email
    with past due messages.
    Ability to flag accounts due for payments or payment delays
    Vendor details (mail and email addresses, phone numbers, contact names, products,
    prices etc)
    Accounts payable
    Contract/subscription recurrent payables
    Cash requirements forecasting (coming soon)
    Accounts receivable
    Aged debtors
    Provisions for bad debts
    Payment of Travel Agent commission
    Audit trails (who changed, what and when)
    Service Invoicing
    Guest bills and receipts
    Corporate Direct Billing Ledger and Ageing
    Collections by payment method (cash, cheque, MC, Visa etc) & total

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