A hotel finance / accounting department is responsible for managing the financial aspects of the hotel’s operations. This includes tasks such as budgeting, forecasting, and financial reporting.
The finance department may also be responsible for managing the hotel’s banking relationships, as well as handling accounts payable and accounts receivable.
Additionally, the finance department may be involved in decision-making related to investments and financing, such as borrowing money to fund capital expenditures or seeking out investment opportunities to generate additional income for the hotel.
Overall, the goal of the hotel finance department is to ensure the financial health and stability of the hotel, while also maximizing profits and minimizing costs.