![]() Net Outstanding Balance = Previous Balance + Debit – Credit The payments are entered on the right side of the ‘T’. In the domain of front office accounting, the charges are entered on the left side of the ‘T’. ![]() In the simplest form, a front office account resembles English alphabet ‘Block-T’. ![]() It is a systematic process in which the front office accounting staff identifies, records, measures, classifies, verifies, summarizes, interprets, organizes, and communicates financial information for a hotel business. Let us know more about the accounts section of front office. It provides a clear information to the guests thereby avoiding any unpleasant surprises to the guests. When it comes to a hotel business, accounting is managing expenses and revenue. It is helpful for the management to take appropriate decisions. The accounting department handles the financial health and tracks the performance of any business directly. Accounting section of any business or organization tracks, records, and manages the financial transactions of the business with its customers and clients.
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