Question

Special hotel accounts for a company that has established credit with a hotel are called?

Answer 1

City ledger.

What is a city ledger?

• The collection of accounts that belong to unregistered guests is known in hotel accounting as the city ledger. Unlike the temporary ledger, which is made up of the accounts receivable for visitors who are currently registered, this is not the same thing.
• One account payable that can be found in the city ledger is advance deposits. When a guest makes a deposit before registering, the hotel creates an account receivable to the guest for future services.
• City ledgers often have four accounts or more. The first sort of account is set up for people and organizations using the hotel for meetings and events. Instead of the front desk, the hotel's accounting staff handles the money it receives from these guests.
• A hotel's accounting procedure for keeping track of non-guest transactions is known as a city ledger or a house ledger. It is a group of related accounts that keeps track of a hotel's money that is not related to a transaction with an active guest.

Special hotel accounts for a company that has established credit with a hotel are called City ledger.

To learn more about the City ledger, refer to:

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