Debtors and creditors
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Profit oriented
In the total of running the hotel, you should be profit oriented. There is no problems with liquidity, we refrain from VAT, liquidity and financing budgets.
You also, do not have to look into debtors and creditors, in your decisions, as they play no 'role' in the accounting around the Emerald Forest Hotel, as we do it now.
All customers who book, pay for their reservation, the moment they book. Generally, this seems to be in the same month as they arrive at the premises.
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