Hotel Front Office Management, 3rd Edition

270 CHAPTER 10: NIGHT AUDITFigure 10-4. A trial balance report lists the debit and credit activity of the front desk,receivables, and payables. (Courtesy of Lincoln Plaza Hotel & Conference Center, Reading,Pennsylvania.)Trial BalanceFront Desk ActivityAmountOpening BalanceTotal Debits (Room and Tax)Total Credits (Various Methods of Payments)Deposits Transfer (Payments Collected on Banquets or Room Deposits)Closing BalanceAdvance Deposits (Current Amounts in System)AmountOpening BalanceTotal CreditsApplied/CanceledClosing BalanceReceivablesAmountOpening BalanceTotal Debits (General Ledger Accounts of corporations and individuals)Total Credits (Various Methods of Payments)Closing BalancePayablesAmountOpening BalanceTotal Debits (Travel Agent Fees Paid by the Hotel)Total Credits (Various Methods of Payments)Closing Balancewant a cumulative figure reported each day, to gain a more comprehensive overview ofthe achievement of financial goals.It is important that managers approach this report as a functional tool that providesdaily operational financial data. Its major components may seem overwhelming whenperceived as a whole. With experience, you learn to view this seemingly complicateddocument in separate parts, each of which provides feedback on daily operational per-TLFeBOOK