When you work at a hotel, what is accounts receivable?
Answers:
In accounting you have accounts payable and accounts receivable. A/P they pay all of the bills that are associated with the business. A/R they receive the money that is paid to the business. You make the bank deposits.
When someone comes to stay at the hotel, they will be charged XX dollars per night to stay at the hotel. They will pay by check, credit card or cash. At the end of the day you have to balance the ledger sheet to make sure that all transactions are in balance. If the hotel rate is $100 per night and ten people checked in, you should show that the hotel is owned $1000. Some people paid cash, some charged their credit card. The two together should show that you collected $1000 for that day. .
ALWAYS BE HONEST--No I haven't but I am willing to learn new skills so I can become more valuable to this hotel.
Collecting payments, making bank deposits, calling on past due invoices, resolving credit card issues etc.
It would be money coming into the hotel. Money paid for rooms and any other money coming into the hotel.
Money that is owed to the hotel by customers. If you have a credit card, your outstanding balance is an account receivable of the credit card company.
Recievable accounts are in plain words the Debtors. Any thing given on credit are the receivables. It may be the food bills on credit or the room charges on credit..
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