Tourism and Hospitality
Home > Tourism and Hospitality > Hospitality operations (240 hours) > Strand B Accommodation services > Additional units > Maintain financial records > Maintain Financial Records
THHBFO04A: Maintain Financial Records
This unit deals with the skills and knowledge required to keep financial records. As such it focuses on basic bookkeeping skills. This unit applies to all tourism and hospitality sectors.Bookkeeping systems may be manual or computerised.
Journal entries may relate to:
- cash receipts / sales
- purchases / sales journal
- bad debts journal
- payroll journal
- petty cash
- return inwards / outwards journal
- main, general journal
Reconciliations may include but are not limited to:
- petty cash
- subsidiary ledgers and control accounts
- bank
- stock
Critical Aspects of Assessment
Demonstrate the ability to maintain accurate front office records within acceptable enterprise timeframes and in accordance with enterprise requirements plus an understanding of bookkeeping principles. Accuracy should be demonstrated on more than one occasion.The accounting cycle
Bank reconciliations
Balance revenue producing documents
Check guest accounts
Case studies
Review questions