After World War II, the hotel industry in the United States began to expand at a rapid rate. The boom lasted for three decades, which brought about increased commercial travel and skyrocketing incomes. The rise of unions made wealth more equitable, and led to millions of workers getting paid vacation days. The growth of the interstate highway system and the reliable passenger planes made it possible to travel to the Pacific coast and hotels became the most popular accommodation. As the nation’s policies shifted from national to international and the hotel industry was given the role of a new king.
The hotel is the mainstay of the hospitality industry. Each guest’s safety and security is guaranteed by the hotel’s staff. Every room comes with basic equipment and an en-suite bathroom. The hotel’s staff is accountable for the day-to-day activities of the business department. The hotel’s financial controller manages the accounts of the hotel, which includes billing and collection. The controls department also handles the bank transactions and also processes payroll information for employees. This department, as its name suggests, is accountable for the preparation of financial statements.
Controls is the center of all hotels. It is responsible for the accounts and budget and is accountable for ratifying the inventory items of the operational departments. Controls also oversees hotel accounts. Accounting tasks include the collection of payments in accordance with invoices and processing data for payroll. The department also provides management with data on the hotel’s profit and loss to help make financial decisions. For smooth operation of an enterprise, it’s essential to have a well-organized hotel.
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