Chapter Recap
This chapter demonstrated the importance of producing an accurate summary of the
financial transactions that occur in a hotel on any given day. The components of the night
audit were listed and described. These include posting room and tax charges, assembling
guest charges and payments, reconciling departmental financial activities, reconciling the
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accounts receivable, running the trial balance, and preparing the night audit report. Also,
the preparation of a night audit report and manager’s report were illustrated as well as
the daily flash report, and their management implications were discussed. The accurate
preparation of the night audit report and follow-up on the data assembled allow the
hotel’s management team to adjust financial plans. A summary was offered of how to
interpret the major components of the night audit.