Categoría: Bookkeeping

How do you record a payment for insurance?

Posted on by elparrillero in
At the end of any accounting period, the amount of the insurance premiums that remain prepaid should be reported in the current asset account, Prepaid Insurance. The prepaid amount will be reported on the balance sheet after inventory and could part of an item described as prepaid expenses. Prepaid insurance is usually charged to expense […]

What is Hotel Accounting & why is it Important?

Posted on by elparrillero in
Just like automated hotel accounting software, SiteMinder lets you automate and accelerate your business – giving you more time and freedom to make the best decisions for your business. Analyzing financial information based on benchmarks set by the industry is essential to the hotel success. Accounting has to work seamlessly with hotel management and operations […]
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