Business Accounting Chapter 9

A method for tracking past-due accounts according to the date the charges originated

A city ledger account that is within the current billing period

A city ledger account that has not been settled within a reasonable collection period, usually 90 days

A pre-depature activity that involves the production and early morning distribution of guest folios for guests expected to check-out that morning

A collection of guest history records, constructed from expired registration cards or created through sophisticated automated systems that automatically direct information about departing guests into a guest history database

A record of personal and financial information about hotel guests relevant to marketing and sales that can help the hotel serve guests in return visits

A transaction requiring posting to a guest account that does not reach the front desk for posting until after the guest has checked out and closed his or her account

A room staus term indicating that the guest is being allowed to check out later than the hotels standard check out time

A charge imposed by some hotels on guests who do not check out by the established check out time

A city ledger account that is unpaid beyond the current billing period, usually between 30 and 90 days

An automated system, usually located in the hotel lobby, that allows the guest to review his or her folio and settle the account using the credit or debit card authorized at check-in

A guest who has left a hotel and has intentionally not settled his or her account

Charges remaining in a guest account after the guest has left the hotel

Settling a folio account balance in full as the guest checks out