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Responsibilities of Each Department in Hotels Essays

The Accounting department is the one in charge of some of the financial transactions within the company such as: (1) Payroll – they are in charge of the sum of all financial records of salaries for an employee, wages, bonuses and deductions. (2) Cash collections – All cash received from sales and from other resources are carefully identified and recorded. The accounting department makes sure that the cash is deposited in the appropriate checking accounts of the business and that an adequate amount of coin and currency is kept on hand for making change for customers. 3) Cash payments – In addition to payroll checks, a business writes many other checks during the course of a year — to pay for a wide variety of purchases, to pay property taxes, to pay on loans, and to distribute some of its profit to the owners of the business.

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