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Diamond Hotel Manila 1. Methods of account settlementA. Sample questions to gather information. Which method of account settlement performed by thehotels front office department?Diamond Hotel Manila ... preferred Full payment should be settled by check in through the following:* Via Cash or Credit Card at Front Desk* Via Online Payment Link to be sent by Reservation team* Via Bank Deposit at least 3 banking days prior to check-in. Need the answer? 4269 tutors online. Answers in as fast as 15 minutes. B. Sample question to gather information. What are the hotel banking and cash float procedures?Cash Banks/cash floatA cash bank is the specific amount of cash assigned to a cashier at the beginning of his/her shift so thathe/she can handle the various transactions that occur during a particular work shift. The amount is to beused for making change when guests settle their accounts, processing paid outs and for providing othercash related services.1) Cash Payment:Cash payments made at the front desk to reduce a guest's net outstanding balance are posted as credittransactions to the account thereby decreasing the outstanding balance of the account.The front office uses a Cash voucher to support this transaction.2) Charge Purchases:Charge purchases refer to deferred payment transactions. In deferred payment transaction, the guestreceives goods and services from the hotel but does not pay for them at the time they are provided. Acharge purchase transaction is a {debit} increase the outstanding balance of a folio.3) Account Correction:An account correction transaction resolves a posting error to the folio. By definition an accountcorrection is made on the same day the error is made before the close of the business {that is beforenight audit}.C. Measures of credit control [Show More]

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