Cash And Money Requirements: The general cash division performs all bookkeeping related to monies received from clients. The cashier handles cash transactions, including check cashing, guest payments, and invoicing. The auditor keeps track of money owed to the hotel both by guests charging items to their room accounts and by groups and corporate clients.
The accounts payable division performs all bookkeeping related to money owed by the hotel to vendors and employees. Payroll checks and cash disbursements-payments for operating expenses, such as utilities, telephone, supplies, and so forth-are produced by this staff.
Thes bank notes the Reichsbank was obligated to re deem in German gold Coin at its central o branch offices on presentation "in so far as th available cash and money requirements permit1 Such issues (Act of June 1909) were lega tender. In view of this obligation the activitiei of the institution were confined necessarily t< banking transactions involving assets of immediate marketability; transactions in precioui metals; discounting of secured bills of thref months or less; purchase and sale of imperial government or federated state bonds, and othei like short-term securities specified by law; in addition it received interest- and non-interest-bearing moneys on deposit and <(giro" account; such, if interest-bearing, not to exceed the combined capital and surplus funds of the bank Finally, it was authorized to receive in custody and manage articles of value.
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