Debtors and creditors
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Profit oriented
In 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. The costs, made by the hotel, are also paid in the month they occur.
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