1. Why does a hotel need to balance

1. Why does a hotel need to balance its financial transactions each day?
2. What is the night audit? What steps are involved in preparing it?
3. What is the manager’s report? What does each statistic tell the general manager?
4. Why must the night audit be prepared systematically?
5. What is a trial balance? What information does it provide the night auditor?
6. Why must the accounts receivable be included in the night audit? What do the accounts receivable comprise?
7. Discuss the importance of the night audit to the daily management of a hotel. Who reviews the night audit? Why would they be interested in these financial data?
8. If you were reading the night audit, which figure would assist you in determining whether or not the restaurant managers met their sales goals? How would you know what amount of money was paid out on behalf of the food and beverage department on the previous day for miscellaneous sales to the grocery store? How would you know what total amount of money guests charged to their room folios yesterday? What figures represent the Total Outstanding Accounts Receivable?
9. Why should the accounts receivable be analyzed?
10. Why should the bank deposit and amount transferred to accounts receivable be listed on the night audit? What does each figure represent?
11. How can the front office manager control the cash in the front office cash drawer?
12. Why is it important to prepare hotel operating statistics?
13. Discuss the procedure to determine occupancy percentage, double occupancy percentage, and average daily rate.
14. Discuss the procedure to determine yield. How important is this to the general manager?
15. Discuss the procedure to compute RevPAR.
16. What use is the daily flash report to a general manager? to a front desk manager? to a food and beverage manager?