Hospitality
Daily Night Audit: Room Revenue
The daily entry to recognize revenue from guests currently in-house.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Guest Ledger (Receivable) | Asset (+) | 5,000.00 | - |
| Room Revenue | Revenue (+) | - | 4,500.00 |
| Tourism Tax / VAT Output | Liability (+) | - | 500.00 |
💡 Accountant's Note
Every night, the auditor 'posts' the room rates to the guest folios. This recognizes the revenue for that day and increases the amount the guests owe.
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Expert Analysis by Qusai Ahmad
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