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Cash Management – SOP

4.88

To encourage an efficient and active management of all the Hotel’s cash resources and thereby maximize earnings through reduced short term borrowings and increased deposit interest income.

Objective:

To encourage an efficient and active management of all the Hotel’s cash resources and thereby maximize earnings through reduced short term borrowings and increased deposit interest income.

“…In order to achieve the stated objective, the Hotel Management will have to maintain a constant vigilance over the movement in the Hotel’s investment in working capital, which should include a system to monitor the following potential problem areas, and instigate corrective action as necessary:…”


Details:

Department : Finance / Accounting
Who is it for: Financial Controller, Chief Accountant
Document Type: SOP
Level of Detail / Difficulty: Concise / Intermediate
Involved Skills: Accounting, Financial Analysis, Forecasting, Banking Operations, Bookkeeping

File Format: Word (.docx)
Word Count: 867
Print Length: 03 Pages
File Size: 25 KB

Language: English
Editable: Yes
Ready to Print: Yes

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